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

Demonstrate knowledge and understanding of domestic motor insurance 
SAQA US ID UNIT STANDARD TITLE
10368  Demonstrate knowledge and understanding of domestic motor insurance 
ORIGINATOR
SGB Financial Services 
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
Passed the End Date -
Status was "Registered" 
2002-06-12  2005-06-12  SAQA 0742/02 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2006-06-12   2009-06-12  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
120005  Demonstrate knowledge and understanding of personal motor insurance  Level 4  NQF Level 04   

PURPOSE OF THE UNIT STANDARD 
This unit standard is an introduction to domestic motor insurance.

The qualifying learner is capable of:
  • Explaining motor insurance.
  • Describing the insurance available for trailers and caravans.
  • Indicating how insurance applies to motorcycles.
  • Explaining liability with regards to motor insurance. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be competent in communication, mathematical literacy and financial literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
    1. Forms of cover include comprehensive, third party fire and theft, third party.
    2. Cover provided under liability includes death, injury, damage to property, and cost of litigation. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain domestic motor insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The type of vehicle that can be insured under a domestic policy is indicated with reference to the mass of the vehicle and licence code required to drive the vehicle. 

    ASSESSMENT CRITERION 2 
    2. The standard forms of cover available as domestic insurance are named and explained with reference to the cover provided by each. 

    ASSESSMENT CRITERION 3 
    3. The concept of private use of a vehicle is explained and an indication is given of how private use affects the premium. 

    ASSESSMENT CRITERION 4 
    4. The concept of business use of a vehicle is explained and an indication is given of how business use affects the premium. 

    ASSESSMENT CRITERION 5 
    5. The concept of a no claim bonus is explained and an indication is given of how this affects the rate of a premium for five case studies. 

    ASSESSMENT CRITERION 6 
    6. The effect of age and driving experience on premium is explained with reference to discounts, loading and variable excess structures for five case studies. 

    ASSESSMENT CRITERION 7 
    7. The effect of location on motor insurance is explained and an indication is given of how the place of registration affects the premium. 

    ASSESSMENT CRITERION 8 
    8. The concept of territorial limits is explained and an indication is given of the countries that fall within the territorial limit for South African insurance policies. 

    ASSESSMENT CRITERION 9 
    9. Reasons are given to explain why certain countries are excluded from the territorial limit for South African insurance policies. 

    SPECIFIC OUTCOME 2 
    Describe the insurance available for trailers and caravans. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The concept of a trailer or caravan is explained as it is applied in short-term domestic insurance. 

    ASSESSMENT CRITERION 2 
    2. The concept of loss or damage to the vehicle is explained in the case of trailers and caravans. 

    ASSESSMENT CRITERION 3 
    3. The type of cover available for trailers and caravans is explained with reference to the relationship to a motor vehicle. 

    SPECIFIC OUTCOME 3 
    Indicate how domestic insurance applies to motorcycles. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The concept of a motorcycle is explained with examples. 

    ASSESSMENT CRITERION 2 
    2. The types of cover available for motorcycles are named and an indication is given of restrictions in cover. 

    SPECIFIC OUTCOME 4 
    Explain liability with regards to domestic motor insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The concept of liability is explained as it applies to motor insurance. 

    ASSESSMENT CRITERION 2 
    2. The cover provided under liability insurance is described for three case studies. 

    ASSESSMENT CRITERION 3 
    3. Factors that could affect the limit of indemnity are listed and reasons why limits are imposed are explained with reference to a specific policy. 

    ASSESSMENT CRITERION 4 
    4. The need for limits of indemnity is explained and an indication is given of the possible consequences where there are no limits. 

    SPECIFIC OUTCOME 5 
    Describe the additional benefits available under comprehensive cover. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Standard additional benefits that are available under comprehensive insurance are investigated for a specific organisation. 

    ASSESSMENT CRITERION 2 
    2. The cover provided by two different insurance organisations is compared in terms of additional benefits. 

    ASSESSMENT CRITERION 3 
    3. A policy document is analysed and an indication is given of the different components that make up the rate. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This unit standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA,
    INSQA framework for assessment and moderation. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    To enable competent performance and achievement the learner can
  • Understand and explain company policy.
  • Apply basic computer skills and use an electronic database to access and record information.
  • Know and explain what constitutes a short-term domestic insurance risk. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in investigating additional benefits and comparing the benefits offered by two different insurers. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations in explaining the concepts indicated in this standard. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by explaining the effect of location, age and driving experience on premium and explaining the need for limits of indemnity. 

    UNIT STANDARD CCFO CONTRIBUTING 
    The learner is able to participate as a responsible citizen in the life of local, national and global communities by understanding the need for motor insurance. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 120005, which is "Demonstrate knowledge and understanding of personal motor insurance", Level 4, 4 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  21796   National Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2005-06-12  Was INSETA until Last Date for Achievement 


    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. Invuya Institute of Learning (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.