Malta International Training Centre

Transcription

1 Malta International Training Centre Principles of Insurance Supervision and Regulation 1 st April 26 th June 2014 TG Complex, Suite 3 Level 1, Brewery Street, Mriehel BKR 3000 Tel: (00356) , Fax: (00356) info@mitcentre.com Website:

2 Programme: Tuesday 1 st April 2014 The Main Functions and organs of the Malta Financial Services Authority Thursday 3 rd April 2014 Overview of the Insurance Business Act, 1998 Tuesday 15 th April 2014 Overview of the Licensing requirements for Insurers Insurance Rule 1 Own Funds Insurance Rule 2 Criteria of Fitness and Properness Insurance Rule 6 Scheme of Operations Insurance Rule 24 Exercise of Passport Rights by Maltese Insurance Undertakings and Malta Reinsurance Undertakings Establishments Insurance Rule 25 Exercise of Passport Rights by Maltese Insurance Undertakings Services Thursday 17 th April 2014 Ongoing obligations- Financial Insurance Business (Assets and Liabilities) Regulations Insurance Business (Companies Accounts) Regulations Quarterly reporting requirements Annual Reporting obligations Thursday 24 th April 2014 Non- Financial Insurance Rule 27 Insurers Internal Controls Insurance Rule 29 Prudential assessment of acquisitions and increase of holding in authorized companies Insurance Business (Criteria of Sound and Prudent Management) Regulations Notification obligations of changes in information/documentation submitted to the Authority Thursday 8 th May 2014 Overview of the Conduct of Business Insurance Undertakings Insurance Rule 3 Information for Policyholders Insurance Rule 28 Insurance Companies carrying on Business of Insurance through the internet Insurance Rule 30 Complaints-Handling by Authorised Companies Insurance Business (Long Term Business Contract Statutory Notice) Regulations Thursday 15 th May 2014 Overview of the Insurance Intermediaries Act, 2006

3 Thursday 22 nd May 2014 Enrolment of Insurance Intermediaries (brokers/agents/managers) Enrolment Insurance Intermediaries Rule 2 Criteria of Fitness and Properness of Insurance Intermediaries Insurance Intermediaries Rule 9 Qualifications for registration in the Managers, Brokers, Agents Register Insurance Intermediaries Rule 11 Commercial Business Which May be Carried out by Enrolled Persons. Insurance Intermediaries Rule 12 Scheme of operations Insurance Intermediaries Rule 21- Personal Questionnaire to be submitted by specific individuals. European Passport Rights for Insurance Intermediaries Regulations. Thursday 29 th May 2014 Conduct of Business for Intermediaries Insurance Intermediaries Rule 3 Disclosure of information for clients Insurance Intermediaries Rule 4 Code of Conduct for Intermediaries Insurance Intermediaries Rule 6 Criteria of Sound and Prudent Management Insurance Intermediaries Rule 20 Underwriting Agreements Insurance Intermediaries Rule 22 Computer link arrangements Insurance Intermediaries Rule 23 Insurance Intermediaries carrying out Insurance Intermediaries Activities through the Internet Thursday 5 th June 2014 Ongoing requirements for Intermediaries Insurance Intermediaries Rule 1 Own funds Insurance Intermediaries Rule 13 Monies held in fiduciary capacity Insurance Intermediaries Rule 14 Fidelity Bond Insurance Intermediaries Rule 15 Business statements Thursday 12 th June 2014 General overview of registration/enrolment of Tied Insurance Intermediaries EXAM: Thursday 26 th June 2014 between hrs

4 Course Venue Malta Financial Services Authority (MFSA) and Malta International Training Centre (MITC), TG Complex, Suite 3 Level 1, Brewery Street, Mriehel, BKR3000 Dates 1 st April - 26 th June 2014 Duration 11 lectures of 1.5hour each ( hrs) Organisers Malta International Training Centre Certification Those participants attending 80% of the programme and who are also successful in their examination will receive a certificate of achievement by the Malta International Training Centre (MITC). Fee 300 per participant Discounts and Cancellation Policy Companies effecting group bookings (four or more participants) are entitled to a 10% corporate discount. A 25% cancellation fee is applicable for cancellations received within 15 days of the start of the programme. Terms of Payment In full upon registration unless otherwise agreed with MITC.

5 Malta International Training Centre Participant Details Name: Address: Mobile No.: Date of Birth: Sponsor Details Company Name: Company Address: Tel. No.: Fax No.: Fee: 300 per participant Important Deadlines Applications to be received by: 17 th March 2014 Intake Date: 1 st April 2014 Examination Date: 26 th June 2014 Please tick the box if you wish to be included in our database which is used solely for marketing purposes. Signature: Date: