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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Demonstrate knowledge and understanding of the standard in insurance cover in terms of NASRIA 
SAQA US ID UNIT STANDARD TITLE
120023  Demonstrate knowledge and understanding of the standard in insurance cover in terms of NASRIA 
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 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
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
10380  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in Namibia  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard will be useful for learners in Short Term insurance, Intermediaries, Insurers, Underwriters and Underwriting Agents, Claims Assessors, Attorneys and learners I the Ministry of Finance who give advice, arrange insurance, analyse risk exposure and settle claims. It deals with optional insurance cover that can be added to Short Term insurance policies to cover riots, labour disturbances, lockouts, public disorder and acts of terrorism or violence in Namibia.

The qualifying learner is capable of:
  • Explaining the origin of NASRIA insurance.
  • Analysing the cover provided by NASRIA against the general exceptions in Short Term insurance policies.
  • Identifying NASRIA's territorial limits.
  • Describing the terms and conditions of NASRIA cover.
  • Applying NASRIA rates to a Short Term insurance policy. 

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

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • NASRIA cover includes cover against riots, strikes, labour disturbances, lockouts, public disorder and acts of terrorism or violence.
  • The effect of Marine Institute Clauses on premium is analysed for cargo, sea, air and hull.
  • Non-political riot includes, but is not limited to, strike, labour disturbances, lockouts and public disorder.
  • Examples of malicious damage to property should include NASRIA and non-NASRIA examples. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the origin of NASRIA insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The historical basis for NASRIA is explained with reference to the situation in South West Africa and the independence of Namibia. 

    ASSESSMENT CRITERION 2 
    NASRIA and SASRIA cover are compared and an indication is given of how SASRIA cover was adapted to meet Namibia's needs. 

    SPECIFIC OUTCOME 2 
    Analyse the cover provided by NASRIA against the general exceptions in Short Term insurance policies. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The standard exceptions in a Short Term policy are analysed in terms of excluded events. 

    ASSESSMENT CRITERION 2 
    The concept of malicious damage to property in terms of NASRIA is compared to conventional non-NASRIA malicious damage to property. 

    ASSESSMENT CRITERION 3 
    Four NASRIA coupons/policies are analysed to ascertain the cover and exclusions. 

    SPECIFIC OUTCOME 3 
    Identify NASRIA territorial limits. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The area covered by NASRIA as described in the Finance Act of Namibia 1987 is identified on a map of Southern Africa. 

    ASSESSMENT CRITERION 2 
    The territorial limits on NASRIA in the SADC and other countries are explained and an indication is given of how NASRIA is applied in RSA. 

    ASSESSMENT CRITERION 3 
    Reasons why territorial limits are strictly applied are explained with reference to public authorities and the historical link with RSA. 

    SPECIFIC OUTCOME 4 
    Describe the terms and conditions of NASRIA cover. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The limit on any one insured entity is explained with two examples. 

    ASSESSMENT CRITERION 2 
    The effect of the Marine Institute Clauses on premium in transportation insurance is analysed for three examples. 

    ASSESSMENT CRITERION 3 
    The relationship between a material damage policy, business interruption policy, NASRIA coupon and NASRIA consequential loss coupon is explained graphically. 

    SPECIFIC OUTCOME 5 
    Apply NASRIA rates to a Short Term insurance policy. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The NASRIA rating table is used to determine the rates on personal lines, motor. commercial and industrial, transportation, contractor all risks and contractor's plant insurance policies. 

    ASSESSMENT CRITERION 2 
    The application of discounts on NASRIA premiums is explained with examples. 

    ASSESSMENT CRITERION 3 
    Annual adjustments to the premium that are required are explained with examples. 


    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 
    The learner is able to collect, organise and critically evaluate information in explaining the historical basis for NASRIA and the relationship to SASRIA. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in analysing Short Term and NASRIA policies and illustrating the relationship between a material damage policy, a NASRIA material damage coupon, and a NASRIA consequential loss coupon. 

    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 10380, "Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in Namibia", 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  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 


    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. Alcari Learning Centre (Pty) Ltd 
    2. BRC Solutions (Pty) Ltd 
    3. CKP Development Agency (Pty) Ltd. 
    4. De Vries Management & Training Services cc 
    5. EJW Financial Services (Pty) Ltd 
    6. Executive People Development Solutions (Pty) Ltd 
    7. Faisit (Pty) Ltd 
    8. Intec College 
    9. Intelligo Solutions Pty (Ltd) 
    10. Invuya Institute of Learning (Pty) Ltd 
    11. Masifunde Training Centre (Pty) Ltd 
    12. Octomate (Pty) Ltd 
    13. Outsurance Insurance Company Ltd 
    14. Ripple Effect 4 (Pty) Ltd 
    15. RJM Educational Consulting 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.