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Evidence Guide: FNSIBK413 - Place client insurances with insurer and confirm insurance cover with clients

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSIBK413 - Place client insurances with insurer and confirm insurance cover with clients

What evidence can you provide to prove your understanding of each of the following citeria?

Prepare to place insurance cover

  1. Establish client insurance requirements and selected cover according to organisational policies and procedures
  2. Calculate and negotiate premium and statutory duties with client
  3. Notify insurer of client details and selected cover according to organisational policies and procedures
Establish client insurance requirements and selected cover according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate and negotiate premium and statutory duties with client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Notify insurer of client details and selected cover according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish interim cover

  1. Obtain interim cover and confirm correct details
  2. Forward confirmation of interim cover to insurers and client according to organisational policies and procedures
  3. Identify and communicate optional extras to client
Obtain interim cover and confirm correct details

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Forward confirmation of interim cover to insurers and client according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and communicate optional extras to client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Complete client documentation

  1. Assist client in completing required documentation and declarations according to organisational policies and procedures
  2. Confirm required documentation and declarations are completed prior to expiry of interim cover
  3. Review and finalise client documentation and declarations according to organisational policies and procedures
  4. Ensure premium payments have been made according to organisational policies
  5. Provide required documentation to insurer
Assist client in completing required documentation and declarations according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Confirm required documentation and declarations are completed prior to expiry of interim cover

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and finalise client documentation and declarations according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure premium payments have been made according to organisational policies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide required documentation to insurer

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain and record documented evidence of insurance cover

  1. Update client records according to organisational policies and procedures
  2. Record insurer’s documentation on receipt and according to organisational policies and procedures
  3. Update business and disclosure records according to organisational policies and procedures
  4. Check receipt of documentation and confirm timely delivery to meet client requirements
Update client records according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record insurer’s documentation on receipt and according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update business and disclosure records according to organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Check receipt of documentation and confirm timely delivery to meet client requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

place and confirm client’s insurance with an insurer for at least two different clients.

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

legislative and industry compliance requirements relating to insurance transactions

organisational policies, procedures and authorities relating to insurance transactions

insurance details, including product policy conditions, benefits and exclusions

administrative and record-keeping processes

methods for calculating premium and statutory duties.