Revised Rule Wording
How to read the proposed wording changes to the Rules:
Bolded text represents the addition of proposed wording.
Text that has been
struck outrepresents wording proposed for removal.
What is the proposed change?
This change to Rule 6(1)(c) and 6(2)(b) would remove the reference to “direct” supervision when referring to the supervision requirements for general insurance salespersons (level 1 licensee).
What is the rationale?
In June this year, a previously approved change to Rule 6(1)(b) will come into effect, permanently removing the location restriction requiring general insurance salespersons to work on business premises.
Currently, Rule 6(1)(c) and 6(2)(b) use the term “direct supervision” when referencing how salespersons are to be supervised. The potential for “direct supervision” to be interpreted as a requirement for the supervisor and salesperson to be in the same location leaves room for confusion given the upcoming change to 6(1)(b) permitting salespersons to work offsite. Removing the term “direct” from the Rule is intended to address this issue, but does not constitute any reduction in supervision responsibility.
Provide feedback about proposed changes to the Council Rules
Consultation is now closed. Stakeholder consultation on this proposed rule amendment ran March 28 to June 1, 2022.