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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in South Africa 
SAQA US ID UNIT STANDARD TITLE
10364  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in South Africa 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  3 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2002-06-12  2004-12-02  SAQA 0742/02 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-12-02   2008-12-02  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
117117  Describe standard insurance cover in terms of SASRIA  Level 4  NQF Level 04  4   

PURPOSE OF THE UNIT STANDARD 
This unit standard deals with optional insurance cover that can be added to short term insurance policies to cover riots and violent acts against the State that impact on civilians.

The qualifying learner is capable of:
  • Explaining the origin of SASRIA insurance.
  • Analysing the cover provided by SASRIA against the war exclusion in short term insurance policies.
  • Identifying SASRIA`s territorial limits.
  • Describing the terms and conditions of SASRIA cover.
  • Applying SASRIA rates to short term insurance policies. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be competent in Communication, Mathematical and Financial Literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is
    The effect of Institute Clauses on premium is analysed for cargo, sea, air and hull. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the origin of SASRIA insurance 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The historical basis for SASRIA is explained with reference to the 1976 SOWETO riots and the role of insurance and government at the time. 

    ASSESSMENT CRITERION 2 
    2. The changes to SASRIA since 1979 are explained with reference to fixed expenses and non-political riot. 

    ASSESSMENT CRITERION 3 
    3. The effect of privatisation on SASRIA is explained with reference to the formation of SASRIA Ltd. 

    ASSESSMENT CRITERION 4 
    4. An international application of the SASRIA model of insurance is researched and an indication is given of the establishment of terrorism insurance in another country. 

    SPECIFIC OUTCOME 2 
    Analyse the cover provided by SASRIA against the war exclusion in short term policies. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The standard SAIA exceptions in a short-term policy are analysed in terms of excluded events. 

    ASSESSMENT CRITERION 2 
    2. The concept of accidental material damage to property is explained with examples. 

    ASSESSMENT CRITERION 3 
    3. Four SASRIA coupons/policies are analysed to ascertain the cover and exclusions. 

    ASSESSMENT CRITERION 4 
    4. The difference between a SASRIA Ltd. coupon and a SASRIA Ltd. policy is explained with reference to terms and conditions. 

    SPECIFIC OUTCOME 3 
    Identify SASRIA territorial limits. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The area covered by SASRIA as described in the Reinsurance of Damage and Losses Act 56 of 1989, as amended, is identified on a map of Southern Africa. 

    ASSESSMENT CRITERION 2 
    2. The territorial limits on SASRIA in the SADCC and other countries are explained and an indication is given of how SASRIA is applied in Namibia. 

    ASSESSMENT CRITERION 3 
    3. Reasons why territorial limits are strictly applied are explained with reference to public authorities and the historical link with Namibia. 

    SPECIFIC OUTCOME 4 
    Describe the terms and conditions of SASRIA cover. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The limit on any one insured entity is explained with examples. 

    ASSESSMENT CRITERION 2 
    2. The relationship between the SASRIA limit and the Companies Act, 1973, as amended, is explained graphically for three case studies. 

    ASSESSMENT CRITERION 3 
    3. The SASRIA construction site limit is explained with examples. 

    ASSESSMENT CRITERION 4 
    4. The effect of the Institute Clauses on premium in transportation insurance is analysed for three examples. 

    ASSESSMENT CRITERION 5 
    5. Reasons why cover that includes Institute Clauses is charged at a lower rate for SASRIA cover are explained with reference to a claim. 

    ASSESSMENT CRITERION 6 
    6. The relationship between a material damage policy, SASRIA coupon and SASRIA consequential loss policy is explained graphically. 

    SPECIFIC OUTCOME 5 
    Apply SASRIA rates to a short-term policy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The SASRIA rating table is used to determine the rate on a personal lines policy for two examples. 

    ASSESSMENT CRITERION 2 
    2. The SASRIA rating table is used to determine the rate on a motor insurance policy for two examples. 

    ASSESSMENT CRITERION 3 
    3. The SASRIA rating table is used to determine the rate on a commercial and industrial insurance policy for two examples. 

    ASSESSMENT CRITERION 4 
    4. The SASRIA rating table is used to determine the rate on a transportation insurance policy for two examples. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This unit standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA,
    INSQA framework for assessment and moderation. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in explaining the historical basis for SASRIA and an international application of the SASRIA model. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations in analysing short term and SASRIA policies and illustrating the relationship between a material damage policy, a SASRIA coupon, and a SASRIA consequential loss policy. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by explaining the links between SASRIA and other international terrorism insurance. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by 117117, which is 'Describe standard insurance cover in terms of SASRIA', Level 4, 4 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  21796   National Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2005-06-12  Was INSETA until Last Date for Achievement 
    Elective  48494   National Certificate: Financial Services Management  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 
    Elective  24396   National Certificate: Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2006-10-08  Was INSETA until Last Date for Achievement 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.