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Unit Standard No.12164Page 93

4. COMPETENCY

The competency requirements are fairly extensive and are based on what type of products the FSP deals with and then go on, for each product type to list the experience levels, academic qualifications and other requirements which the individual must hold to advise on such products.

Below is an example of the competency requirements for ONE of the Subcategory of  Products looked at earlier in the manual:

This column shows the final number of credits the learner must have within a certain time frame.

This column indicates the no. of YEARS OF EXPERIENCE or LEARNERSHIP needed

This column indicates the PRODUCT  CATEGORY

This column shows the minimum qualifications the learner has to have to sell this Product Category

COLUMN ONE

Product Subcategory

COLUMN TWO

Minimum Experience

COLUMN THREE

Minimum Academic Standards/qualifications/

Professional status

COLUMN FOUR

Conditions/ Restrictions

(1) Long-term

Insurance

Category A

6 months;

or

must have

completed a

relevant SETA

learnership

A minimum of an appropriate NQF level 2

skills programme consisting of core unit

standards registered by SAQA and quality

assured by INSQA (minimum 12 credits), as

certified by INSETA or its approved agent to

have been achieved;

or

A Grade 10 (Standard 8 or an equivalent NQF Level 2 qualification)

The applicant must within 2

years after the date of

licensing or, in the case of

a Key Individual, after the

date of appointment,

complete an appropriate

NQF level 2 skills

programme based on core

unit standards registered

by SAQA and quality

assured by INSQA as

listed on the NLRD,

consisting of a minimum of

30 credits.

INSMAT final materials31/10/03

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