The General Insurance Association to Create Financial Consumer Protection Act Educational Videos on YouTube

The General Insurance Association announced on the 20th that it will produce educational videos to enhance insurance planners' and agencies' understanding of the Financial Consumer Protection Act and upload them on YouTube.

[Asia Economy Reporter Oh Hyung-gil] The General Insurance Association announced on the 20th that it will produce educational videos to enhance insurance planners' and agencies' understanding of the Financial Consumer Protection Act (FCPA) and upload them on YouTube.

The videos consist of three parts. The first part covers precautions before sales agents start their work, customer promotion, consultation, product explanation, application, and other sales stage-specific precautions.

It emphasizes the importance of fulfilling the duty of explanation for complete sales and includes essential points that sales agents must know at each sales stage for easy practical reference.

The second part explains the basic concepts of advertising regulations, compliance requirements by advertising type, and review procedures, as insurance agency blog advertisements, business-related advertisements, and loan advertisements are included in the FCPA advertising review scope.

The third part focuses on the classification criteria of solicitation and advertising, definitions and types of business-related advertisements, and is designed to enhance sales agents' understanding of advertising standards and procedures.

A representative from the General Insurance Association stated, "The educational videos will be posted on the General Insurance Association's YouTube channel for anyone to use, and the materials will be promoted through general insurance companies and insurance agency associations so that agencies can utilize them for internal training."

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