Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSIBK603A Mapping and Delivery Guide
Manage contractual obligations for insurance and insurance broking products
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSIBK603A - Manage contractual obligations for insurance and insurance broking products |
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Description | This unit describes the performance outcomes, skills and knowledge required to manage contractual requirements including legislative and code of practice obligations in relation to life or general insurance products offered by an insurance brokerage.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to the management of the specific requirements that arise from offering insurance contracts. It also has application in a general or life insurance organisation. The unit may be applied within organisations of various sizes and across a range of customer bases. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Determine rights and obligations appropriate to each contract or policy |
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Element: Develop procedures to enable rights, obligations and legislative requirements to be met |
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Element: Implement procedures to meet rights, obligations and legislative requirements |
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Element: Monitor compliance with rights, obligations and legislative requirements |
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Element: Maintain premium currency of insurance policy |
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