View Unit : Processing complex policy documentation for new business

Unit

Unit Reference Number

K/601/8358

Qualification Framework

QCF

Title

Processing complex policy documentation for new business

Unit Level

Level 3

Unit Sub Level

None

Guided Learning Hours

Unit Credit Value

Date of Withdrawal

SSAs

15.1 Accounting and Finance

Unit Grading Structure

Pass

Assessment Guidance

View Unit's Qualifications

Learning Outcomes and Assessment Criteria

Learning Outcome - The learner will:		Assessment Criterion - The learner can:
1	Understand the roles and responsibilities of the various parties within the insurance industry related to the work carried out	1.1	Define the various parties in the structure of the insurance market related to the work carried out
1		1.2	Describe the roles and responsibilities of the parties identified
2	Understand the details of general insurance policies.	2.1	Explain relevant policy cover, terms and conditions related to the work carried out including: Standard extensions and/or limitations Non-standard extensions and/or limitations
3	Be able to draft complex insurance policy documentation.	3.1	. Draft policies and endorsements within personal levels of competence and authority incorporating all information from the source documentation.
		3.2	. Communicate with others to make sure any ambiguities are resolved.
		3.3	. Refer any situations outside personal authority limits to the appropriate person/department.
		3.4	. Incorporate any alterations made to wordings.
		3.5	. Use wordings which are unambiguous and which have the same meaning and implications as those negotiated
4	Be able to check and issue new business documentation.	4.1	. Make sure policies meet any legal requirements.
		4.2	. Confirm documentation is accurate.
		4.3	. Provide policy documentation to those who need it.
5	Be able to keep accurate and complete records.	5.1	. Complete accurate records.
5	Be able to keep accurate and complete records.	5.2	. Maintain accurate records.
6	Understand the requirements of all codes, laws and regulatory requirements	6.1	Explain the policies and procedures which apply to own job role to include: Legal requirements Professional codes Industry regulations
		6.2	Summarise the relevant insurance and legal principles and regulations relevant to the work carried out
		6.3	Describe the action required when an activity falls outside of personal authority
7	Be able to comply with all codes, laws and regulatory requirements.	7.1	Comply with legal requirements, professional codes, industry regulations and organisational policies.

Equivalent Units

There are no equivalences to display.