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CoP and ICiBS now offered by Academy of Learning

08 November 2006 The Insurance Institute of South Africa

SPECIAL COMMUNICATION TO FET LEARNERS PREVIOUSLY REGISTERED WITH THE COLLEGE OF INSURANCE

We are pleased to announce that the Insurance Institute has reached a joint agreement with the Academy of Learning South Africa (AOLSA) to allow for a seamless progression of learners who are in the process of studying towards their CoP and/or ICiBS at NQF level 4. In addition, the Academy of Learning will also accept new registrations from those seeking to attain their CoP and ICiBS from the IISA or to complete a level 4 qualification in the field of insurance.

The Academy of Learning is a recognised training provider and is Provisionally Accredited by UMALUSI, Council for Quality Assurance in General and Further Education and Training (FET 00351 PA), a Memorandum of Understanding is to be put in place with INSETA. The Academy of Learning has training sites (colleges) across South Africa and the neighbouring states.

All programmes will be on a self-study basis, although in some cases the Academy of Learning will be able to offer additional support to learners at the various training sites.

CONCESSIONARY ASSESSMENTS FOR EXISTING COLLEGE OF INSURANCE LEARNERS:

The agreement allows learners who have paid and registered with the College of Insurance but who have not had a chance to sit the summative assessment (final examination) for some reason, to now complete the subject at no extra cost, while also allowing learners who have attempted the summative assessment but who have not yet been proven competent, to sit for a rewrite (resubmission /-resub exam) at a concessionary fee.

Due to the expiry of the National Certificate in Short Term Insurance (June 2005), and National Certificate in Long Term Insurance (December 2005), it is not possible to offer any re-examination / rewrites against any of the old CoP and ICiBS subjects.

The IISA, in association with the Academy of Learning, will provide an Upgrade alternative, which is structured according to the new Further Education and Training Certificate in Short Term Insurance and Further Education and training Certificate in Long Term Insurance qualifications. Although the new programmes cover much the same content as the old ones, additional supplementary notes will be supplied as part of the Upgrade.

In the case of Business Organisation candidates, the subject will be realigned to the Financial Literacy credits, thereby simplifying the structure. Those learners who completed the Business Organisation subject previously and who wish to complete the full qualification will have to re-register for the new one to cover the financial literacy requirements as before.

Similarly, a learner who completed the CoP on the old basis and who now wishes to complete the full qualification will have to be RPLd (a form of assessment called Recognition of Prior Learning) against the new unit standards.  However, RPL will not be necessary for those who plan to follow the IISAs path through the CoP and ICiBS only, perhaps then going on to UNISA.

Note that this arrangement does not include Botswana, where a joint initiative is already in place with the Botswana Accounting College.

 

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