28204DemonstrateknowledgeoftheinsuranceindustryinNew.docVIP

NZQA registered unit standard28204 version 1Page  page 4 of  numpages 4 The Skills Organisation SSB Code 100401SYMBOL 211 \f Symbol New Zealand Qualifications Authority date \@ yyyy2017 TitleDemonstrate knowledge of the insurance industry in New ZealandLevel4Credits10 PurposeThis unit standard is for people working or intending to work in entry level or intermediate roles, under supervision, in an insurance context, who need to demonstrate knowledge of the sector and its purpose, participants, and available products and services. People credited with this unit standard are able to outline: – standard risk management concepts and typical approaches to familiar client risk situations; – insurance sector participants and the key services they offer; and – influences on availability and pricing of insurance products and services. ClassificationFinancial Services Financial Services - Professional Practice Available gradeAchieved Explanatory notes 1 This unit standard has been developed for learning and assessment on-job or off-job in a pre-employment context using a realistic simulation. Where this unit standard is completed in a pre-employment pathway or non-customer facing role and evidence is provided by case study or simulation, an explanation of how or why particular activities or steps are performed can be used to support an assessor’s judgement of competency. 2 References Consumer Guarantees Act 1993; Credit Contracts and Consumer Finance Act 2003; Fair Trading Act 1986; Financial Transactions Reporting Act 1996; Human Rights Act 1993; Income Tax Act 2007; Privacy Act 1993; Securities Markets Act 1988; Trustee Act 1956; Trustee Amendment Act 1988; industry codes of practice; and all subsequent amendments and replacements. 3 Definition Predetermined guidelines – guidelines developed by product providers and/or organisations incorporating recommended usage and practice. 4 Range a Employed candidates are expected to be working