INS203 Insurance Law and Regulations I (8)

This subject provides the student with the knowledge and skills to comply with relevant insurance legislation to carry out operational procedures in distributing and servicing insurance products.

No offerings have been identified for this subject in 2021.

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Bachelor of Business (Insurance) students only

Assumed Knowledge
INS101 and INS102

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to comply with operational aspects of laws pertaining to insurance
  • be able to explain changes to and implications of laws
  • be able to comply with agency / broker agreements and professional indemnity obligations
  • be able to maintain statutory records


This subject will cover the following topics:

Knowledge of relevant laws
Application of relevant laws in the workplace
Procedural requirements relating to operational aspects of law
Handling client queries and requests
Agency agreements and broker agreements
Professional indemnity insurance
Concept and application of duty of utmost good faith and duty of care
Consumers' rights
Tax and other business records

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.