The impact of IDD on the insurance distribution, the information requirements and the rules of conduct (life & non-life)

Target group

The training is primarily intended for persons

• who have followed a training course or passed an examination on Part 6 of the law dated 4 April 2014 on insurance before the entry into force of the IDD in Belgian law on 28 December 2018;
• to refresh and complete their knowledge of the new rules, as applicable since the entry into force of the IDD on 28 December 2018.

Required prior knowledge

Advanced level training: this training requires a general basic knowledge of the subject. 

Programme

CONTENT

• The impact of the IDD on insurance distribution
  • The legal framework:
    • The European IDD Directive
    • The subject of the directive
    • The transposition of the IDD into Belgian law
  • To which distribution activities and to which persons does and does not the legislation apply
  • The registration of intermediaries; when, where, how, under what conditions
  • The impact of the IDD on professional knowledge and competence: knowledge, experience and training
  • The supervision and the possible sanctions in case of breach of the legislation
• The impact of the IDD on information requirements and rules of conduct after the IDD
  • The applicable legislation
  • The scope of the legislation and applicable exemptions
  • The principles of the conduct of business rules including the fundamental rule of conduct
  • The pre-contractual information requirements to clients: when, how and what
  • The conflicts of interest: policy and disclosure requirements
  • Analysis of clients' needs and wishes (duty of care)
  • The rules of conduct relating to:
    • Tying
    • Inducements (remuneration)
    • The monitoring of products and product knowledge
  • The client file and data retention
  • Additional requirements for savings and investment products
  • Third party liability and sanctions
  • Preventive measures and sanctions

PRACTICAL INFORMATION 

• Duration: 7 hours
• Number of pages syllabus : +- 50 pages
• CPD hours: Each module includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter. 

Methodology

An ‘E-learning - distance learning’ is 100% self-study. It is a form of learning in which the participant processes individually, at his or her own pace, learning content that is provided in the form of a syllabus drawn up by the teacher. This content is provided in a digital format (PDF) via the MyFA learning platform, possibly supplemented with an exercise platform.

Course material :

• Syllabus 
• Exercise questions