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 THAT HAS PASSED THE END DATE: 

Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in Namibia 
SAQA US ID UNIT STANDARD TITLE
10380  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in Namibia 
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  2 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2002-06-12  2005-06-12  SAQA 0742/02 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2006-06-12   2009-06-12  

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
120023  Demonstrate knowledge and understanding of the standard in insurance cover in terms of NASRIA  Level 4  NQF Level 04  2   

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 NASRIA insurance.
  • Analysing the cover provided by NASRIA against the war exclusion in short term insurance policies.
  • Identifying NASRIA`s territorial limits.
  • Describing the terms and conditions of NASRIA cover.
  • Applying NASRIA 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 NASRIA insurance. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The historical basis for NASRIA is explained with reference to the situation in South West Africa and the independence of Namibia. 

    ASSESSMENT CRITERION 2 
    2. NASRIA and SASRIA cover are compared and an indication is given of how SASRIA cover was adapted to meet Namibia's needs. 

    SPECIFIC OUTCOME 2 
    Analyse the cover provided by NASRIA 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 NASRIA coupons/policies are analysed to ascertain the cover and exclusions. 

    SPECIFIC OUTCOME 3 
    Identify NASRIA territorial limits. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The area covered by NASRIA as described in the Finance Act of Namibia 1987 is identified on a map of Southern Africa. 

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

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

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

    ASSESSMENT CRITERIA     

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

    ASSESSMENT CRITERION 2 
    2 The effect of the Institute Clauses on premium in transportation insurance is analysed for three examples. 

    ASSESSMENT CRITERION 3 
    3 The relationship between a material damage policy, NASRIA coupon and NASRIA consequential loss policy is explained graphically. 

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

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The NASRIA rating table is used to determine the rate on a personal lines policy. 

    ASSESSMENT CRITERION 2 
    2. The NASRIA rating table is used to determine the rate on a motor insurance policy. 

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

    ASSESSMENT CRITERION 4 
    4. The NASRIA rating table is used to determine the rate on a transportation insurance policy. 

    ASSESSMENT CRITERION 5 
    5. The NASRIA rating table is used to determine the rate on a contractor all risks and contractor's plant insurance policy. 


    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 NASRIA and the relationship to SASRIA. 

    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 NASRIA policies and illustrating the relationship between a material damage policy, a NASRIA material damage coupon, and a NASRIA consequential loss coupon. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 120023, which is "Demonstrate knowledge and understanding of the standard in insurance cover in terms of NASRIA", Level 4, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    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 
    Elective  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 


    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.