Qualifying Examination for Insurance/Takaful Agents (QEFITA)
Qualifying Examination For Insurance/Takaful Agents (QEFITA) is a Licensing Programme organised by CIBFM with the support and guidance of Autoriti Monetari Brunei Darussalam (AMBD) and the Brunei Insurance Takaful Association (BITA). A programme covers the theoretical study of insurance and takaful as well as the legal and regulatory requirements of Brunei Darussalam and ends with a two-hour examination.
Programme Objectives
By this end of this programme, participants will be able to:
- Understand the nature of Insurance/Takaful
- Understand the importance of Insurance/Takaful in the economy and the role of Insurance/Takaful in assets
Programme Outline
| Chapter 1 | Introduction to Insurance |
|---|---|
| Chapter 2 | An Introduction to Takaful |
| Chapter 3 | Risk and Principles of Insurance |
| Chapter 4 | Characteristics of General Insurance Products |
| Chapter 5 | Classes of General Insurance Business and General Takaful Business |
| Chapter 6 | Insurance Marketing and After-Sales Services |
| Chapter 7 | Consumer Protection and Statutory Regulation |
| Chapter 8 | Law of Agency |
| Chapter 9 | Insurance Contract |
| Chapter 10 | Insurance Documents |
| Chapter 11 | Practice General Insurance Risk Assessment, Underwriting and Rating |
| Chapter 12 | Practice of General Insurance Claim |
| Chapter 13 | Practice of General Insurance Policy Forms |
Who Should Attend
QEFITA is a compulsory entry requirement for all those who intend to be registered as General Insurance/Takaful agents with BITA and those who intend to pursue a career in the Insurance/Takaful Industry.
Examinations
- Two (2) hours examination consisting of 100 multiple choices questions
- The passing marks for the exam are 65%.
Your Investment
Stakeholders *: BND 230
Non-Stakeholders: BND 270
* Stakeholders are participants from MOFE, AMBD and all domestic banks in Brunei Darussalam.
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