SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Apply knowledge of agricultural crop insurance 
SAQA US ID UNIT STANDARD TITLE
120109  Apply knowledge of agricultural crop insurance 
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 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for intermediaries, underwriters, claim assessors, risk managers and intermediaries who sell agricultural insurance.

The qualifying learner is capable of:
  • Differentiating between agricultural crop insurance and other short term insurance.
  • Investigating factors that impact on a premium in a selected area.
  • Explaining the basic cover for hail.
  • Analysing the cover in multi peril crop insurance. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Premium differs on insured perils, defined perils, excess structures and claim premium ratios.
  • Policy options in hail cover include franchise, excess per land and excess per farm(s). 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Differentiate between agricultural crop insurance and other short term insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The difference between a term policy and contract policy is explained with examples. 

    ASSESSMENT CRITERION 2 
    The insurance of a specific crop is explained and an indication is given of when a farmer may decide to increase the insurance on a specific crop. 

    ASSESSMENT CRITERION 3 
    The terms and conditions of an agricultural crop policy are compared to the terms and conditions of a short term policy in terms of the insured, insured value, payment of premium and cancellation of the policy. 

    ASSESSMENT CRITERION 4 
    The consequences of incorrect advice are explained with reference to the farmer, the learner and the insurer. 

    ASSESSMENT CRITERION 5 
    The application of VAT in crop insurance is explained with examples. 

    SPECIFIC OUTCOME 2 
    Investigate factors that impact on premium in a selected area. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of claim ratio is explained for a specific crop. 

    ASSESSMENT CRITERION 2 
    The implications of the Magisterial District and homogeneous micro climate farming region on premium are explained with examples. 

    ASSESSMENT CRITERION 3 
    The concept of excess in agricultural insurance is explained with reference to land and farm policies and the implications for premium. 

    ASSESSMENT CRITERION 4 
    Reasons why premium differs on different cover options are explained with examples. 

    SPECIFIC OUTCOME 3 
    Explain the basic cover for hail. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A hail policy wording is analysed to determine the cover with reference to inceptions and exceptions. 

    ASSESSMENT CRITERION 2 
    Consequential damage associated with hail is explained for different crops. 

    ASSESSMENT CRITERION 3 
    Defined perils are analysed in a specific hail policy. 

    ASSESSMENT CRITERION 4 
    The concepts of insurable stage, commencement of cover and related delay clauses are explained with reference to anti-selection. 

    ASSESSMENT CRITERION 5 
    Policy options in hail cover are analysed in terms of different excess structures. 

    ASSESSMENT CRITERION 6 
    The consequences of over and under insurance are explained with examples. 

    ASSESSMENT CRITERION 7 
    Determination of damage is explained in terms of percentage of damage. 

    SPECIFIC OUTCOME 4 
    Analyse the cover in a multi peril crop insurance policy. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Additional perils insured under a multi peril crop policy are analysed with reference to weather related or unmanageable perils. 

    ASSESSMENT CRITERION 2 
    The differences in inception cover under hail and multi peril policies are explained with examples. 

    ASSESSMENT CRITERION 3 
    Determination of damage is explained with reference to qualitative and quantitative loss of yield. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • 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 
    Learners are capable of collecting, organising and critically evaluating information in investigating factors that impact on premium. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  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. Alcari Learning Centre (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd. 
    3. De Vries Management & Training Services cc 
    4. EJW Financial Services (Pty) Ltd 
    5. Faisit (Pty) Ltd 
    6. Intelligo Solutions Pty (Ltd) 
    7. Invuya Institute of Learning (Pty) Ltd 
    8. License to Skill cc 
    9. Masifunde Training Centre (Pty) Ltd 
    10. Octomate (Pty) Ltd 
    11. Outsurance Insurance Company Ltd 
    12. Ripple Effect 4 (Pty) Ltd 
    13. RJM Educational Consulting (Pty) Ltd 



    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.