COURSE CONTENT

Subclass 2.1 – Accident and Health Policy

• Describe personal accident insurance
• Provide the definition of an accident
• Provide the description of personal accident cover
• Explain all risks
• Describe personal accident policy excesses and exclusions
• Describe health insurance
• Explain the hospital cash benefit sum insured and premium

Subclass 2.2 – Engineering Policy

• Explain and discuss engineering insurance
• Explain and discuss defining engineering insurance
• Explain and discuss contractors all risks (CAR) and erection all risks (EAR) insurance
• Explain and discuss public liability insurance
• Explain and discuss engineering project insurance cover (EPIC)
• Explain and discuss plant all risks insurance
• Explain and discuss electronic equipment insurance
• Explain and discuss machinery breakdown insurance
• Explain and discuss the deterioration of stock insurance (DOS)
• Explain and discuss business interruption insurance

Subclass 2.3 – Guarantee Policy

• Describe and discuss what trade and construction guarantees insurance offers
• Describe and discuss what fidelity guarantee insurance is
• Describe and discuss the types of fidelity guarantees
• Describe and discuss the fidelity guarantee insurance claim procedure
• Describe and discuss common misconceptions about the insurance
• Describe and discuss how trade credit insurance works
• Describe and discuss four main benefits of credit insurance
• Describe and discuss how to manage all your trade credit risk with guarantee Insurance

Subclass 2.4 – Liability Policy

• Describe personal liability insurance
• Explain personal liability
• Explain personal liability ‘limit of indemnity’
• Explain employer’s liability
• Explain public liability
• Explain product liability
• Explain professional indemnity
• Explain the application of reinsurance to liability risks
• Explain personal liability excesses and exclusions

Subclass 2.5 – Miscellaneous Policy

• Explain and describe aviation insurance
• Explain and describe employee’s insurance
• Explain and describe goods in transit insurance
• Explain and describe engineering insurance
• Explain and describe marine insurance
• Explain and describe travel insurance
• Explain and describe agriculture insurance
• Explain and describe householders or household contents insurance

Subclass 2.6.1 – Motor Policy

• Circumstances under which a vehicle is classified as personal are identified with examples
• Circumstances under which a vehicle is classified as commercial are identified with examples
• Personal and commercial use of a vehicle is compared with reference to risk and premium

Subclass 2.6.2 – Investigate the classes/types of vehicle that are insured under a business motor policy

• Different vehicles are classified according to the Road Ordinance and the licence required for driving each vehicle 
• The risk associated with each class of vehicle is explained with examples
• Conditions under which a higher category of driver’s license or permit is required for a selected vehicle are explained with reference to the consequences of non-compliance

Subclass 2.6.3 – Apply different bases of quoting to a business motor policy

• The concept of the agreed value of a vehicle is explained and an indication is given of the evidence required to agree on a value
• Different bases for quoting on a business motor policy are explained with reference to the needs of the business and a specific insurer
• Methods of determining cover and premium are explained for a specific insurer

Subclass 2.6.4 – Analyse the cover under a business motor policy

• A policy wording and schedule are analysed to determine the terms and conditions
• The exclusions and extensions in a policy are analysed and explained with reference to the benefit to the client and the specific industry
• The liability coverage in a business motor policy is explained with reference to the cover under the policy and requirements of the Road Accident Fund, COIDA and OHSA

Subclass 2.7 – Property Policy

• Explain and describe property insurance
• Explain and describe fire insurance
• Explain and describe additional perils
• Explain and describe theft cover
• Explain and describe contractors all risk (CAR)
• Explain and describe engineering insurance
• Explain and describe the application of reinsurance to property risks
• Explain and describe homeowners or buildings insurance
• Explain and describe determining the homeowner’s insurance premium

Subclass 2.8 – Transportation Policy

• Explain and discuss goods in transit insurance
• Explain and discuss what the insurer needs to know
• Explain and discuss goods in transit policy excesses and exclusions
• Explain and discuss regulation driving demand for goods in transit cover

Subclass 2.9 – Short-Term Reinsurance Policy

• Explain and describe reinsurance
• Explain and describe reinsurers
• Explain and describe legal principles
• Explain and describe insurable interest
• Explain and describe global reinsurers
• Explain and describe local versus offshore reinsurance
• Explain and describe the two basic methods of reinsurance
• Explain and describe reinsurance commission
• Explain and describe loss participation
• Explain and describe proportional reinsurance
• Explain and describe working excess of loss