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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Apply knowledge of personal all risks insurance 
SAQA US ID UNIT STANDARD TITLE
120011  Apply knowledge of personal all risks insurance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  2 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
13839  Demonstrate knowledge and understanding of all risks insurance  Level 4  NQF Level 04  2   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who wish to follow a career path in Short Term personal domestic insurance or retail insurance. It will be useful for Intermediaries, Underwriters, Claims and Policy Administrators, Product Developers and learners in Service Centres.

The qualifying learner is capable of:
  • Explaining personal all risks insurance.
  • Differentiating between specified and unspecified all risks.
  • Analysing the cover in a personal all risks policy document.
  • Explaining indemnity under an all risks policy. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Specified and unspecified all risks insurance.
  • Classification for insurance purposes includes, but is not limited to, sports equipment, contact lenses, caravan contents, cell phones and jewelry.
  • Limit of indemnity includes collectibles. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain personal all risks insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of personal effects is explained with examples. 

    ASSESSMENT CRITERION 2 
    The events covered by an all risks policy are identified with reference to the value of the items covered in each event. 

    ASSESSMENT CRITERION 3 
    Situations where it is advantageous to have an all risks insurance as well as household contents insurance are explained with examples. 

    ASSESSMENT CRITERION 4 
    Territorial limits on an all risks policy are explained with examples. 

    ASSESSMENT CRITERION 5 
    The underwriting criteria in respect of high value items are explained with reference to the requirements of a specific insurer. 

    SPECIFIC OUTCOME 2 
    Differentiate between specified and unspecified all risks. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of a specified or unspecified risk is explained as it applies in an all risks policy. 

    ASSESSMENT CRITERION 2 
    The differences between the sum insured and limited liability are explained with examples. 

    ASSESSMENT CRITERION 3 
    Limit of liability is explained for specified and unspecified all risks in three different policy schedules. 

    ASSESSMENT CRITERION 4 
    Reasons why valuation certificates or proof of purchase are required in the event of a claim are explained with reference to the type of risk and fraud. 

    ASSESSMENT CRITERION 5 
    The consequences of giving incorrect advice are explained in terms of Policyholder Protection legislation, FAIS and Professional indemnity. 

    SPECIFIC OUTCOME 3 
    Analyse the cover in a personal all risks policy document. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A policy document is analysed to determine the terms and conditions of the policy. 

    ASSESSMENT CRITERION 2 
    All risks cover for laptops and cell phones is explained for a specific insurer. 

    ASSESSMENT CRITERION 3 
    A policy document is analysed to determine exclusions common to specified and unspecified sections. 

    ASSESSMENT CRITERION 4 
    Limitations on cover of items stored in a bank vault are explained with reference to a specific policy document. 

    ASSESSMENT CRITERION 5 
    A policy document is analysed to determine additional cover. 

    SPECIFIC OUTCOME 4 
    Explain indemnity under an all risks policy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The basis of indemnity is explained for a specified all risks policy. 

    ASSESSMENT CRITERION 2 
    The limit of indemnity in a specified all risks policy is explained for three case studies. 

    ASSESSMENT CRITERION 3 
    The cover under the pairs and sets clause is explained for three case studies. 

    ASSESSMENT CRITERION 4 
    The locked boot warranty in a specified policy wording is explained in terms of exclusions. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Learners are able to collect, organise and critically evaluate information in identifying limitations, exclusions, options, conditions and provisions in a specific policy. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are able to communicate effectively in explaining the various concepts in the Unit Standard and analysing an All Risks policy. 

    UNIT STANDARD CCFO SCIENCE 
    Learners are able to use science and technology effectively and critically showing responsibility towards the environment and the health of others in using a computer to access information about specific All Risks insurance policies. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems by understanding the implications of giving incorrect advice. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 13839, which is "Demonstrate knowledge and understanding of all risks insurance", Level 4, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66609   Further Education and Training Certificate: Retail Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. BRC Solutions (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd 
    3. De Vries Management & Training Services cc 
    4. Faisit (Pty) Ltd 
    5. Ripple Effect 4 (Pty) Ltd 
    6. The Graduate Institute of Financial Sciences (Pty) Ltd 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.