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
What evidence can you provide to prove your understanding of each of the following citeria?
Determine terms and conditions of risk acceptability
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Risk acceptance information is collected including determining the terms and conditions of risk acceptance, evaluating the response of the customer, negotiating and finalising the cover is identified and reviewed Completed |
Evidence:
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Risk acceptability is determined within authority limitations and capacities Completed |
Evidence:
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Terms and conditions of risk acceptance are determined in accordance with risk acceptance criteria Completed |
Evidence:
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Referrals are determined, where appropriate Completed |
Evidence:
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Facultative reinsurance is placed, where appropriate Completed |
Evidence:
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Communicate result of risk assessment
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Quotation, if required, is prepared and communicated Completed |
Evidence:
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Terms and conditions of risk acceptance, including expiry date of offer and pricing, are advised to client within appropriate timeframes Completed |
Evidence:
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Rejection of risk, if applicable, is advised as soon as it is evident that the risk falls outside the guidelines or as soon as a decision is made not to underwrite the risk Completed |
Evidence:
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Evaluate client response
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Client response is assessed to determine whether action to modify terms and conditions is required Completed |
Evidence:
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Offer is modified as necessary and advice to client is prepared according to operating procedures Completed |
Evidence:
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Modified offer complies with underwriting acceptance authorities and criteria, or an appropriate referral approval is sought Completed |
Evidence:
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Negotiate agreement
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Negotiation is undertaken on revised offer to reach mutually satisfactory agreement, including charge to reinsurance where applicable Completed |
Evidence:
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The client is advised of acceptance or rejection of the risk according to operating procedures Completed |
Evidence:
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If conditions are placed on the acceptance of risk, a mechanism is established for checking that the conditions have been met Completed |
Evidence:
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Issue interim cover where required
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Disclosure requirements are adhered to in all cases Completed |
Evidence:
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Initial documentation is issued to the client in organisation format and according to operating procedures Completed |
Evidence:
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Reinsurance cover is confirmed, as appropriate Completed |
Evidence:
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Additional information is obtained, as required Completed |
Evidence:
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Documents are filed and stored in accordance with organisation operating procedures Completed |
Evidence:
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Expiry of interim cover is monitored following standard operating procedures, to ensure that any required terms are met prior to issue of policy Completed |
Evidence:
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