Underwrite renewal 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 FNSISV404, 'Underwrite renewal business'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Underwrite renewal 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

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine terms and conditions of risk acceptability

1.1 Identify and review risk acceptance information

1.2 Determine risk acceptability within authority limitations

1.3 Check terms and conditions of risk acceptability for changes since last time it was reviewed for underwriting

1.4 Determine terms and conditions of risk acceptance in accordance with risk acceptance criteria, including client history

1.5 Propose alternative terms or adjusted benefits, if applicable

2. Communicate result of risk assessment

2.1 Make offer of renewal, if applicable, in accordance with legislative requirements

2.2 Issue provisional notice of expiry to client

2.3 Decline renewal, if applicable, in accordance with legislative provisions

3. Evaluate client response

3.1 Assess client response to determine whether action to modify terms and conditions is required

3.2 Modify offer as necessary and prepare advice to client according to operating procedures

3.3 Ensure offer complies with underwriting acceptance authorities and criteria, or seek appropriate referral approval

4. Negotiate agreement

4.1 Undertake negotiation on revised offer to reach mutually satisfactory agreement

4.2 Advise client of acceptance or rejection of risk according to operating procedures (including information on dispute resolution procedure if necessary)

5. Cancel, lapse or renew cover

5.1 Issue revised documentation to client in organisational format and according to organisational operating procedures and legislative requirements

5.2 Confirm reinsurance cover as appropriate

5.3 Issue lapse notice to client, if applicable, in accordance with organisational procedures

5.4 File and store documentation according to operating procedures


Qualifications and Skillsets

FNSISV404 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
  • FNS41915 - Certificate IV in Personal Injury Management
  • FNS41415 - Certificate IV in General Insurance
  • FNS42115 - Certificate IV in Personal Injury Management