Record of advice template short term insurance: Fill out & sign online

Here's how it works

01. Edit your record of advice template short term insurance online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send record of advice short term insurance via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out record of advice template south africa with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the record of advice template in the editor.
Begin by filling out Section 1, CLIENT, where you will enter the client's name and relevant details.
In Section 2, COVER OPTIONS REQUIRED, check the boxes next to the identified needs such as Buildings, Fire, Theft, etc. Ensure all applicable options are selected.
Proceed to Section 3, PRODUCT PROVIDERS CONSIDERED. List the product providers you have evaluated and indicate whether a quotation was provided for each.
In Section 4, RECOMMENDATION AND SPECIAL TERMS AND CONDITIONS, specify your recommended products along with comments justifying your choices.
Fill out Section 5 regarding COSTS AND FEES. Clearly outline commissions and premiums along with their frequencies.
If applicable, complete Section 6 on REPLACEMENT OF CURRENT INSURANCE PRODUCT(S) by detailing any changes made.
Review IMPORTANT INFORMATION in Section 8 to ensure compliance with claims instructions.
Finally, in Section 9, CLIENT ACKNOWLEDGEMENT OF SERVICE AND DECLARATION, have the client sign and date the document to confirm understanding and agreement.

Start using our platform today for free to streamline your document editing and signing process!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is a record of advice for a financial advisor?

A Record of Advice (ROA) is a simple record that confirms the advice provided by an advice licensee or an adviser. The ROA is similar to a Statement of Advice (SOA) but shorter and less formal.

What is required on the FAIS record of advice?

A record of advice should also include those important and material aspects of the financial product that the client must be aware of so that their expectations are in line with how the product will perform and they clearly understand how to meet their obligations - examples are where cover is dependent on the client

What credentials do you need to give financial advice?

Examination requirements include passing the Uniform Securities Agent State Law Examination (Series 63) or the Uniform Combined State Law Examination (Series 66), as well as the Series 6 or 7 FINRA-sponsored examinations pertaining to the particular financial products with which they intend to work.

What needs to be included in a record of advice?

A comprehensive record of advice should cover all necessary aspects, including the clients financial goals and objectives, any potential risks involved in the policy, and how the insurance product meets those goals and objectives.

What is advice in terms of the FAIS Act?

In section 1 of FAIS, advice means any recommendation, guidance or proposal of a financial nature furnished by any means or medium to a client in respect of purchasing any financial product, or in respect of the investment in any financial product or on the conclusion of any other transaction including a loan or