Underwrite new business

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSISV402A, 'Underwrite new business'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Underwrite new business' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Determine terms and conditions of risk acceptability

1.1. 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

1.2. Risk acceptability is determined within authority limitations and capacities

1.3. Terms and conditions of risk acceptance are determined in accordance with risk acceptance criteria

1.4. Referrals are determined, where appropriate

1.5. Facultative reinsurance is placed, where appropriate

2. Communicate result of risk assessment

2.1. Quotation, if required, is prepared and communicated

2.2. Terms and conditions of risk acceptance, including expiry date of offer and pricing, are advised to client within appropriate timeframes

2.3. 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

3. Evaluate client response

3.1. Client response is assessed to determine whether action to modify terms and conditions is required

3.2. Offer is modified as necessary and advice to client is prepared according to operating procedures

3.3. Modified offer complies with underwriting acceptance authorities and criteria, or an appropriate referral approval is sought

4. Negotiate agreement

4.1. Negotiation is undertaken on revised offer to reach mutually satisfactory agreement, including charge to reinsurance where applicable

4.2. The client is advised of acceptance or rejection of the risk according to operating procedures

4.3. If conditions are placed on the acceptance of risk, a mechanism is established for checking that the conditions have been met

5. Issue interim cover where required

5.1. Disclosure requirements are adhered to in all cases

5.2. Initial documentation is issued to the client in organisation format and according to operating procedures

5.3. Reinsurance cover is confirmed, as appropriate

5.4. Additional information is obtained, as required

5.5. Documents are filed and stored in accordance with organisation operating procedures

5.6. Expiry of interim cover is monitored following standard operating procedures, to ensure that any required terms are met prior to issue of policy


Qualifications and Skillsets

FNSISV402A appears in the following qualifications:

  • FNS41410 - Certificate IV in General Insurance
  • FNS40510 - Certificate IV in Personal Injury Management (Underwriting)
  • FNS50810 - Diploma of Financial Risk Management
  • FNS41510 - Certificate IV in Life Insurance
  • FNS41411 - Certificate IV in General Insurance