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

Describe standard insurance cover in terms of SASRIA 
SAQA US ID UNIT STANDARD TITLE
117117  Describe standard insurance cover in terms of SASRIA 
ORIGINATOR
SGB Insurance and Investment 
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  4 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10364  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in South Africa  Level 4  NQF Level 04  3   

PURPOSE OF THE UNIT STANDARD 
This unit standard will be useful for learners in short term insurance, intermediaries, insurers, reinsurers, underwriters and underwriting agents, claims assessors, attorneys and learners I the Ministry of Finance who give advice, arrange insurance, analyse risk exposure and settle claims. It deals with optional insurance cover that can be added to short term insurance policies to cover riots, labour disturbances, lockouts, public disorder and acts of terrorism or violence.
The qualifying learner is capable of:
  • Explaining the origin of SASRIA insurance.
  • Analysing the cover provided by SASRIA against the general exceptions in short term insurance policies.
  • Identifying SASRIA's territorial limits.
  • Describing the terms and conditions of the SASRIA coupons/policies.
  • 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:
  • SASRIA cover includes cover against riots, strikes, labour disturbances, lockouts, public disorder and acts of terrorism or violence in protest against any State or Government.
  • The effect of Marine Institute Clauses on premium is analysed for cargo, sea, air and hull.
  • Non-political riot includes, but is not limited to, strike, labour disturbances, lockouts and public disorder.
  • Examples of malicious damage to property should include SASRIA and non SASRIA examples. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the origin of SASRIA insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 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 
    The changes to SASRIA cover since 1979 are explained with reference standing charges or working expenses and non-political riot. 

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

    ASSESSMENT CRITERION 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 general exceptions in short term insurance policies. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The standard South African insurance Association (SAIA) general exceptions in a short term policy are analysed in terms of excluded events. 

    ASSESSMENT CRITERION 2 
    The concept of malicious damage to property in terms of SASRIA is compared to conventional non-SASRIA malicious damage to property. 

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

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

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

    ASSESSMENT CRITERION 3 
    The application of territorial limits is explained in terms of reciprocal arrangements. 

    SPECIFIC OUTCOME 4 
    Describe the terms and conditions of the SASRIA coupons and policies. 

    ASSESSMENT CRITERIA     

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

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

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

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

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

    ASSESSMENT CRITERION 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 short term insurance policies. 

    ASSESSMENT CRITERIA     

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

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

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

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

    ASSESSMENT CRITERION 5 
    The application of discounts on SASRIA premiums is explained with examples. 

    ASSESSMENT CRITERION 6 
    Annual adjustments to the premium that are required are explained with examples. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    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 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 ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard has replaced 10364 which was "Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in South Africa", Level 4 with 3 credits 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  93997   National Certificate: Contact Centre and Business Process Outsourcing Support  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-07-30  As per Learning Programmes recorded against this Qual 
    Elective  49089   National Certificate: Financial Services  Level 3  NQF Level 03  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 
    Elective  66609   Further Education and Training Certificate: Retail Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2012-06-30  INSETA 


    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.
     
    1. B AND T SKILLS DEVELOPMENT TRAININGS 


    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.