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: 

Apply technical knowledge and understanding of the insurance of timber plantations 
SAQA US ID UNIT STANDARD TITLE
120113  Apply technical knowledge and understanding of the insurance of timber plantations 
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  3 
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
2026-06-30   2029-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for intermediaries, underwriters, claim assessors, risk managers and intermediaries who sell insurance for timber plantations.

The qualifying learner is capable of:
  • Researching the types of trees grown in commercial timber plantations in South Africa.
  • Explaining the importance of the end market to the insurance of a commercial timber plantation.
  • Analysing the risks associated with commercial timber plantations in South Africa.
  • Applying knowledge of legislation and certification to the insurance of commercial timber plantations.
  • Analysing the terms and conditions in a policy document. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Tree types include pine, gum, wattle, poplar and special types.
  • Factors that cause fires and influence fire behaviour include, but are not limited to, climate, topography, weather, land ownership and internal and external land use patterns.
  • Legislation includes the National Veld and Forest Fire Act, (101 of 1998). 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Research the types of trees grown in commercial timber plantations in South Africa. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The difference between natural forests, plantations and unmanaged exotic tree stands is explained with examples. 

    ASSESSMENT CRITERION 2 
    Tree types used for commercial timber plantations are researched with reference to the possible end use of each tree type. 

    SPECIFIC OUTCOME 2 
    Explain the importance of the end market to the insurance of commercial timber plantations. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The affect of the end market on management, risk and end value of a plantation is explained with examples. 

    ASSESSMENT CRITERION 2 
    The relationship between tree species and end market is explained with examples. 

    ASSESSMENT CRITERION 3 
    The basic principles of the Faustman Formula as the basis of value are explained with reference to commercial plantations. 

    ASSESSMENT CRITERION 4 
    The concept of mean annual increment (MAI) is illustrated graphically. 

    ASSESSMENT CRITERION 5 
    Net standard value at maturity is calculated as the basis of insurance. 

    SPECIFIC OUTCOME 3 
    Analyse the risks associated with commercial timber plantations in South Africa. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Factors that cause fires and influence fire behaviour are explained with examples. 

    ASSESSMENT CRITERION 2 
    A fire risk survey is conducted to quantify the risk in a selected timber plantation. 

    ASSESSMENT CRITERION 3 
    A commercial timber plantation risk is underwritten based on the outcome of the survey and the effect of the combined risk for the area. 

    SPECIFIC OUTCOME 4 
    Apply knowledge of legislation and certification to the insurance of commercial timber plantations. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Legislation that controls and governs the growing of commercial plantations is named and an indication is given of the purpose of each Act. 

    ASSESSMENT CRITERION 2 
    The role of the Department of Water and Forestry Affairs in regulating plantations is explained with reference to permits. 

    ASSESSMENT CRITERION 3 
    The advantages of forestry certification are explained with reference to environmental and economic sustainability, legal compliance and social responsibility. 

    SPECIFIC OUTCOME 5 
    Analyse the terms and conditions in a policy document. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A policy wording and schedule are analysed to determine cover. 

    ASSESSMENT CRITERION 2 
    General warranties are analysed and explained for a specific insurer. 

    ASSESSMENT CRITERION 3 
    The general warranties attached to a policy are applied to a selected scenario. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    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 IDENTIFYING 
    The learner is capable of identifying and solving problems in which responses show that responsible decisions using critical thinking have been made in conducting a fire survey and underwriting a commercial timber plantation risk. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is capable of organising and managing him/herself and his/her own activities responsibly and effectively in applying knowledge of plantations and insurance to underwrite a risk. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is capable of collecting, organising and critically evaluating information in conducting a fire risk survey. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is capable of communicating effectively using visual, mathematics and language skills in calculating net standard value at maturity, explaining factors that cause and influence fire behaviour and illustrating the concept of mean annual increment graphically. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is capable of using science and technology in using A Global positioning System. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is capable of demonstrating an understanding of the world as a set of related systems by explaining the importance of end market for insurance of commercial timber plantations and explaining the advantages of forest certification. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    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 
    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.
     
    NONE 


    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.