Description
COURSE DESCRIPTION
- Learners have access to their course material for 180 days from date of enrolment , thus are able to complete their study preperation at their lesure. (Self-Paced)
- Online assessment (2 multiple choice exam attempts included.)
NQF Level 3 courses
NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 3 is equivalent to Grade 11 or Standard 9, and is often a stepping stone to NQF 4 and beyond.
NQF Level 4 courses
NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 4 is equivalent to Grade 12 or Standard 10 (Matric), and is a FET – Further Education and Training – category qualification.
NQF Level 5 courses
NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 5 is a National Certificate or National Diploma and is a HET – Higher Education and Training – category qualification
NQF Level 6 courses
NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 6 is a Bachelors Degree or Higher Diplomaand is a HET – Higher Education and Training – category qualification.
COURSE CONTENTS
1.1 Personal lines: 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.
1.2 Personal lines: 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.
1.4 Personal lines: 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.
1.5 Personal lines: Motor policy
Subclass 1.5.1 – Explain motor insurance
- Types of vehicles that can be insured under a personal motor policy are indicated with reference to the maximum mass and use of the vehicle.
- A selected policy wording is analysed to determine the cover.
- Different types of use covered by motor insurance are explained with reference to the license required for each.
- The difference between a no claim bonus and a cash back bonus is explained with examples.
- The effect of age and driving experience on a personal motor premium is explained with reference to discounts, loading and first amounts payable for five case studies.
- The consequences of misrepresentation or non-disclosure on premium are explained with reference to rating area, principal driver, use of a vehicle and the place where a vehicle is kept at night.
- The concept of territorial limits is explained with reference to the effect on the cover.
- Two different policies are compared in terms of cover.
Subclass 1.5.2 – Explain liability with regards to personal motor insurance
- The concept of liability is explained as it applies to motor insurance.
- A policy document is analysed to determine the cover provided under liability insurance.
- A policy document is analysed to determine factors that could affect the limit of indemnity and an indication is given of possible extended liability cover.
Subclass 1.6 – 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 1.7 – 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 1.8 – 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.
