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Caption: The measure aims at preventing possible cases of fraud in one of the most regulated industries (KPMG Africa)
The Insurance Supervision Institute of Mozambique (ISSM) announced today that an electronic exam system for the qualifications and proficiency tests which insurance agents specializing in natural persons must pass is now complete.
The system aims to prevent possible fraud in one of Mozambique’s most regulated industries, and comes in response to the regulatory requirements implemented by ministerial statute in November 2012.
The tests, which represent a fundamental requirement for acting as an insurance intermediary, started in May, the ISSM indicated in a press release published today.
Candidates can take part in the tests only after having submitted all the basic regulatory documents required for their registration as insurance agents, ensuring a higher degree of quality in their training.Source: ISSM