The purpose of this short course and the module is to build the knowledge and skill required by employees in Short Term Insurance who may have had schooling and training in insurance, but have not acquired the necessary knowledge and skills required and regarded as an essential prerequisite for the studying of short term insurance in the IISA Programme in Short Term Insurance. It introduces a basic understanding of the key terms, rules, concepts and principles of the field of short term insurance.
Insurance personnel employed in short term insurance industry
Senior Certificate or an equivalent NQF level 4 qualification
First semester: 29 November to 24 January
UNISA open distance learning through study guides, learning material and support programmes
Formative assessment and examination admission will comply with UNISA’s formative assessment rules and policies
One assignment (made up of multiple-choice questions) must be submitted and will count towards the final mark.
A formal 2-hour examination question paper will be set for each module. Candidates must obtain at least 50% per module to pass. A mark of 75% will constitute a distinction. Supplementary (second opportunity) examinations will be written in the following semester when the particular module is offered and carry an additional examination fee.
Credits of Module - 12
- The Insurance Market
- Legislative Framework for Insurance
- The Law of Contract
- The Financial Advisory and Intermediaries Services (FAIS) Act
- The Short Term Insurance Act
- All Risk insurance
Prof J Marx
Department of Finance and Risk Management and Banking
Office 3-43, A J H van der Walt Building, UNISA
Tel: 012 429 4513
Tel: 012 352 4228 / 4377
Fax: 086 639 7433