PAKISTAN – SECP directs insurance costs to train their agents

Securities and Exchange Commission of Pakistan (SECP) has directed all the insurance companies to make sure that their agents are properly qualified and have completed their respective foundation courses. A circular issued by the SECP’s insurance division has stated that the insurance companies need to make sure their agents meet the statutory requirements. It further said that all the insurance companies are directed to ensure that no person is appointed as an agent, unless he has the minimum prescribed qualifications and has completed the respective foundation course within the time period as specified in the statutory provisions staff report.