Fully Accredited Program Australia Insurance Laws and Contract Regulations

Australia's insurance laws and contract regulations are notably complex, influenced by a diverse legal framework that includes federal laws as well as state-based legislation. This dynamic landscape gives rise to situations where laws can overlap, or even conflict, making it a challenging terrain for insurers, legal advisors, and policyholders to successfully navigate.

Adding to this complexity are the stringent disclosure obligations and consumer protection measures in place, often leading to policies with elaborate wording. Statistics show that over 40% of insurance disputes in Australia involve the interpretation of policy terms, underscoring the complex nature of these regulations.

This certified program is designed to provide you with an in-depth understanding of the complexities of Australian insurance legislation at both federal and state levels. You will delve into a wide array of essential subjects, including the Insurance Contracts Act of 1984, the Life Insurance Act of 1995, the Financial Services Reform Act of 2001, and many other state-specific regulations governing insurance types like life, health, and general insurance. Participants will also acquire skills in interpreting intricate policy terms, resolving disputes based on contract interpretation, and formulating insurance policies and procedures that align with current Australian legislation. Special emphasis will be given to unique state laws, to help you comprehend the fine interplay between federal and state regulations in the insurance sector.

Additionally, this comprehensive program will show you how to formulate, execute, and maintain insurance policies and procedures that align with current legislation. You will gain expertise in conducting insurance-related audits, and assessments, and meet reporting requirements, whether they arise from regulatory obligations or voluntary commitments. The program will also cover important areas of consumer protection, Indigenous community considerations, international laws, and dispute resolution mechanisms. You will also study relevant case law to enhance your understanding of judicial interpretations and learn to avoid pitfalls.

Upon successfully completing the program, you will earn the Certification in Australia Insurance Laws. This distinguished certification will elevate your professional credentials and demonstrate your expertise in navigating Australia’s intricate insurance legal framework while ensuring compliance with ethical codes and regulations. Globally demanded and recognized, the certification holds lifelong validity, testifying to your expertise and dedication to excellence in the insurance and legal industries.

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This program will entitle you:

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  • Experience 2 days of instructor-led live program and in-depth learning on Australia's intricate insurance laws and contract regulations, including buying insurance, claims handling, and dispute resolution schemes.
  • Attain the coveted Certification in Australia Insurance Laws. This certification will offer a testament to your expertise in interpreting and applying the intricate legal framework governing insurance in Australia.
  • You will gain profound insights into pivotal federal legislation that underpins insurance and contract regulations in Australia as well as the state-specific laws and regulations that govern insurance practices across Australia.
  • For inquiries, chat with our Program Advisers at [email protected] or call us at
    • Singapore and Asia Pacific: +65 6716 9980
    • Australia and New Zealand: +61 3 9909 7310
    • UK, Europe and Middle East: +44 (020) 335 57898
    • USA: +1 888 745 8875

Accreditations

4.8 

This program is accredited by the Chartered Institute of Professional Certifications, which maintains the governing standards for all professionals who have completed this program.

The content of this program has been fully certified and accredited by the CPD Certification Service as conforming to Continuing Professional Principles. CPD is the leading independent CPD accreditation institution operating across industry sectors to complement the Continuing Professional Development policies of professional institutes and academic bodies. The CPD Certification Service provides support, advice, and recognized independent CPD accreditation compatible with global CPD principles.

What Can You Expect From This Live Program

Australia’s insurance laws are complex. With a complex interplay of federal and state regulations, this multi-layered system can create overlapping or even conflicting rules, making it difficult for insurance leaders to navigate the legal landscape. In addition, Australia’s insurance laws contain significant ambiguities. Concepts like "utmost good faith" and "duty of disclosure" are open to interpretation, leading to frequent disputes between insurers and the insured.

This certified program will provide you with a comprehensive understanding of the complex and dynamic insurance laws in Australia at both the federal and state levels. You will gain legal insights into legislative frameworks like the Financial Services Reform Act 2001, Life Insurance Act 1995, and Insurance Contracts Act 1984, as well as clarity into ambiguous insurance terms such as the duty of utmost good faith and the nuances of industry standards, particularly under the General Insurance Code of Practice. Participants will also acquire skills in interpreting intricate policy terms, resolving disputes based on contract interpretation, and formulating insurance policies and procedures that align with current Australian legislation. Special emphasis will also be given to unique state laws, to help you comprehend the fine interplay between federal and state regulations in the insurance sector.

Throughout this program, you will learn to be adept at formulating and executing policies and procedures that comply with the diverse insurance legislation across Australia. You will also acquire skills in conducting insurance-related audits, preparing detailed reports, and advising clients on various aspects of insurance policies, all while integrating legal compliance into your professional responsibilities. With a solid understanding of the regulatory framework, you will learn practical skills for insurance management, discover how to develop compliant policies, handle claims and disputes, and fulfil reporting obligations.

Upon successfully completing the program, you will attain the Certification in Australia Insurance Laws, elevating your professional credentials and demonstrating your expertise in navigating the intricacies of Australian insurance legislation and regulations. This industry-recognized certification will demonstrate your underlying expertise in managing insurance policies and implementing industry best practices. With lifelong validity, it will position you as a legal authority in driving organizational success and contribute to a more knowledgeable and compliant insurance sector in Australia.

Key Skills You Will Gain

  • Insurance Law Interpretation
  • Insurance Policy Analysis Proficiency
  • Regulatory Compliance Monitoring
  • Ethical Conduct in Insurance
  • Financial Services Reform Act 2001 (Cth)
  • Life Insurance Act 1995 (Cth)
  • Insurance Contracts Act 1984 (Cth)
  • Duty of Utmost Good Faith
  • Claims Handling
  • General Insurance Code of Practice
  • Add-On Insurance Reforms
  • Anti-Hawking of Financial Products Reforms
  • Dispute Resolution Mechanisms
  • Arbitration and Litigation
  • Insurance Fraud and Abuse
  • Consumer Rights and Insurance
  • Insurance Legal Risk Mitigation
  • Policy Renewal Handling
  • Insurance Ethics Understanding
  • Claims Assessment
  • Insurance Documentation Review
  • ASIC Act Obligation
  • APRA Standard Compliance
  • Australia Insurance Industry Code Alignment
  • General Insurance Regulation Compliance
  • Insurance Audit
  • Life Insurance Regulation Compliance

Your Faculty Director

Beverley Honig
Beverley Honig
Internationally Qualified Lawyer and Author of Best-Selling Book “Making Contracts Work”

Beverley Honig is a world-renowned speaker, lawyer, and author. She is a recipient of the prestigious Top 100 Women for Influence award by The Australian Financial Review. Currently listed in Who’s Who in Business in Australia, Beverley was also inducted into the Businesswoman Hall of Fame in 2016.

She has over 20 years’ experience as an internationally qualified lawyer who has worked in Australia, the United Kingdom, and Middle East. She also serves as a Judge for the Essential Services Commission Appeals and is the Chairman of Greenville Developments and Director of Australia Chamber of Commerce for over 20 years.

Beverley has also authored several bestselling textbooks, including “Making Contracts Works” and was a distinguished Lecturer at the University of Melbourne and Queensland University of Technology Business School. She is currently the CEO of an award-winning business consultancy, which has been honored by the Prime Minister of Israel for its outstanding contribution in forging international trade links.

Australia Insurance Laws and Contract Regulations Program Agenda

Module 1: Insurance – General Matters
Module 2: Legislation
Module 3: Unfair Contract Terms In Insurance Contracts
Module 4: Other Legal Obligations And Common Law
Module 5: The Insured's Duty Of Disclosure
Module 6: Code Of Practice
Module 7: Add-On Insurance And Anti-Hawking Of Financial Products
Module 8: Making The Claim
Module 9: Dispute Resolution
Module 10: Consumer Protection And Contacts In Insurance

How You Will Benefit

  • Master Australian Insurance Legislation: Develop a deep understanding of Australia's insurance laws, including the Insurance Contracts Act 1984 and the Life Insurance Act 1995, at both federal and state levels.
  • Understand Federal and State Law Interplay: Gain insights into the complex relationship between federal and state insurance regulations in Australia.
  • Policy Formulation and Execution: Learn to create and implement insurance policies that align with current Australian legislation, including the Financial Services Reform Act 2001.
  • Audit and Assessment Proficiency: Acquire skills in conducting insurance-related audits and assessments to ensure compliance with legal requirements.
  • Comprehensive Reporting Skills: Master the art of preparing detailed insurance reports and meeting various reporting obligations.
  • Global Insurance Law Awareness: Gain knowledge of international insurance laws and how they interact with Australian legislation.
  • Dispute Resolution Techniques: Learn effective mechanisms for resolving insurance disputes, including understanding relevant case law.
  • Compliant Policy Development: Become adept at developing insurance policies that comply with industry standards, such as the General Insurance Code of Practice.
  • Claims and Dispute Handling: Enhance skills in managing insurance claims and disputes, integrating legal compliance into professional responsibilities.

Chartered Designation

Upon completion of this comprehensive program, you will earn the prestigious Certification in Australia Insurance Laws, a globally recognized and lifelong designation that will distinguish you as an expert proficient in navigating insurance regulations, managing claims, and ensuring ethical compliance in the insurance industry. This achievement will bolster your professional credentials, enhancing your resume and CV to showcase your comprehensive knowledge and expertise to potential employers.

Developed by the Chartered Institute of Professional Certifications and certified by the CPD Certification Service, this program adheres to the highest continuing professional principles, ensuring that your certification reflects your dedication to excellence in your field.

Pricing & Registration

Please select one of the locations:

Australia

Dates: 1 - 2 Oct 2024

Venue: Online Executive Program (via Zoom)

Time: 10:00am - 5:30pm Australian Eastern Standard Time (AEST)


Early Bird Packages Regular Pricing
By 29 Jul 2024 By 09 Sep 2024 After 09 Sep 2024
Australia Delegates AUD 1,895 AUD 2,095 AUD 2,195

Group Discount: 2nd participant get 10%, or register 3 participants and 4th participant get a complimentary seat (1 discount scheme applies)

Register Now

Download Brochure

You can download our program brochure below. If you have any inquiries on this program, please contact our Program Advisor at [email protected] or call us at:

  • Singapore and Asia Pacific: +65 6716 9980
  • Australia and New Zealand: +61 3 9909 7310
  • UK, Europe and Middle East: +44 (020) 335 57898
  • USA: +1 888 745 8875

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Convincing Your Boss To Attend This Program

Securing approval from your boss to attend this program can be difficult if you don’t know what to say. So we’ve prepared a template for you! All you need to do is to download this template, copy and paste in email and send it to your boss!

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Australia Insurance Laws and Contract Regulations

4.6 (936 ratings)