SECP amends criteria

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has amended the qualification criteria needed for persons entering into the contract with an insurer, a statement said on Tuesday.
According to the amendment made in SECP (Insurance) rules 2002, the minimum qualification for such persons will be intermediate or higher secondary school certification. In case of a corporate body or a partnership, each of its designated persons engaged in the business of insurance sale will have the said qualification and also will be required to undergo a foundation course based on the curriculum approved by the Commission.