IISA PROGRAMMES IN INSURANCE

Transcription

1 IISA PROGRAMMES IN INSURANCE ACCREDITATION OF PRIOR LEARNING (Non-IISA Examination Credits) Credit (recognition) may be awarded for prior learning, including examinations that you may have already passed under various qualification routes, whether with Unisa or another Higher Education Institution, by providing exemption(s) from having to sit the examination for a specific subject(s). If you sat for and passed examinations with the Insurance Institute of South Africa (IISA) and/or the College of Insurance (CoI) up to including the March 2006 examinations you should obtain and study the pamphlet IISA Programmes in Insurance Recording IISA Exam Credits. A simplified procedure, specific requirements and arrangements are applicable for credits gained in the discontinued IISA/CoI qualification routes. Credits for prior learning can be awarded by UNISA if it is satisfied that the syllabus for a UNISA module has been substantially covered (normally a minimum 70% syllabus match is required) by a specific external qualification offered by a particular awarding body and has been assessed using a technique (at least 60% of the assessment must be exam-based) and at a standard comparable with that applied to the Insurance Programmes by UNISA CBM for the module in question. Consideration can be given to alternative methods of assessment used in an external qualification, on condition that the level and standard remains acceptable to UNISA CBM. If you hold a qualification (or credits obtained by examination) which you think might provide the basis for an award of credits, you should obtain and complete the Application for Exemption of Study Units (available on request or to download from the Insurance Programmes website You can apply for this at any stage in your studies. It should, however, be done before you apply for admission to the study module concerned. You should carefully check the syllabus of the module(s) in respect of which you might gain credits. You should appreciate that most modules have, by their very nature, a strong insurance content and, to avoid disappointment, you should be realistic as to your credit expectations. If you hold a non-south African qualification you need to get this evaluated by the South African Qualification Authority (SAQA). The application to do this is available from the SAQA website at or it can be downloaded from the Insurance Programmes website. It should be noted that there are costs attached to this evaluation and these may vary if you want to have this evaluation done in a short period of time. If accreditation has been established for your qualification, your eligibility will be checked and credits granted accordingly. If you are the first candidate to seek accreditation for a particular qualification you will be sent details of the information UNISA needs to decide on the credit rating. You should send a note of these requirements to the awarding body. NB Irrespective of how many credits your qualification(s) might provide, you must complete at least 50% of the Programmes in Insurance with UNISA CBM, to be awarded the Certificate by UNISA. Also, Unisa will not allow any exemptions for any final year modules in the case of the IISA Programmes in Insurance, this rule applies to all the elective modules in the IISA Programmes in Advanced Insurance Practice. Every new accreditation is carefully considered, so there may be a delay while information is being collated by the external body and appraised by UNISA CBM. You can start studying for the Programme in Insurance, but you should avoid entering a module in respect of which you consider an award of credits a possibility. If you fail an exam and subsequently gain an external qualification that would make you eligible for accreditation in respect of that module, you are entitled to apply for the credits, subject to the above limitation. If you hold an external qualification which would make you eligible for an exemption in respect of an Insurance Programme module, but do not apply for the exemption before taking and failing the exam, you may only apply subsequently if you had obtained a mark within 10% of the pass mark (only the examination mark is considered, i.e. excluding any year-marks) at the first examination attempt for the module concerned. Application for new exemptions or dispensations (non-iisa) must be made in writing, using the prescribed form (see Appendix 1), together with proof of past academic achievements supporting the application. This includes the application for exemptions based on academic successes achieved with international insurance institutes and/or other Higher Education institutions. Unless UNISA has an existing accreditation arrangement with such other institutions, full details need to be supplied of the syllabus followed and, if the institution is an internationally recognised insurance institute or institution, the credit(s) that are likely to be awarded by the CII, London should be established and advised. IISA Programmes in Insurance RPL Page 1

2 NB The ultimate decision to award credits towards any module(s) applied for rests with UNISA and the decision communicated to the student by UNISA CBM is final and binding. Until such time as all the required documentation, as determined by UNISA at its sole discretion, has been obtained and submitted, and until such time as UNISA has advised that any, or all, the applied credits have been granted or otherwise, the student is deemed to be required to comply with all the normal requirements and specifications of the programme(s) concerned. As a general set of guidelines, some of the requirements that are taken into consideration by Unisa in its deliberations when considering allowing exemptions are: 1. The subject should have been examined at the same level, using the same or very similar assessment methods; 2. If the examination was an Open-book exam there needs to be greater coverage of the syllabus (i.e. >80%); 3. The subject and/or qualification should have been examined and awarded within the last five years; 4. If not within the last five years, the applicant will need to prove experience/actively working in the area(s) covered by the subject matter of the subject, if it is a practice subject, but this requirement may be waived if it ruled that this is a theory subject ; 5. If the subject concerned is not an insurance subject, the decision as to applicability and acceptance will be made by Unisa CBM 6. Any subject for which credit was originally awarded by exemption/dispensation will not be considered as part of the application, but will need a separate application based on the original qualification on which the exemption/dispensation was based. If you need more information, or would like to discuss the possibility of applying for exemptions, please contact: IISA Programmes in Insurance Centre for Business Management PO Box 392 UNISA 0003 Tel: /4377 Fax: Intl Fax: [email protected] Website: Appendix 1 is the Application form to be used for the application for recognition of prior learning Appendix 2 gives details of the exemptions that will be considered for the more common insurance and related studies, offered by the more popular institutions in these fields of study. IISA Programmes in Insurance RPL Page 2

3 APPENDIX 1 PROGRAMMES IN INSURANCE APPLICATION FOR ACCREDITATION OF PRIOR LEARNING This form, duly completed and signed, together with the appropriate documentary proof may be faxed to , or sent by to [email protected] or mailed to IISA Programmes in Insurance, Centre for Business Management, P O Box 392, UNISA, 0003, South Africa. You should receive feedback within six weeks of submitting this application, or after a student number has been allocated to you, 1. Personal Details PLEASE PRINT LEGIBLY IN BLACK INK (Always complete parts 1.1 to 1.4, but parts 1.5 to 1.6 need only be completed if you do not have a Student Number, yet) 1.1 Unisa Student number: 1.2 Qualification code (e.g ): 1.3 Surname, Initials, Title (e.g. Smith R J Mr): 1.4 First names: 1.5 Identity number or Passport number: 1.6 Telephone numbers and contact details (e.g x 2345) (dialling code, number and extension if applicable) Home Work Cell Fax Employer 1.7A Postal address and postal code 1.7B Physical address 2. DECLARATION I declare that all the particulars furnished by me on this form are true and correct, and I undertake to comply with the rules, regulations and decisions of the University, and the Centre and any amendments thereto, and have taken note of advice which may be applicable to students in general and/or to the field of study for which I am registered. Surname First Names: Date: Student's signature: 3. APPLICATION FOR EXEMPTION(S) I hereby apply for exemption from having to pass the examination for the subject(s) detailed below based on having passed an examination for the same or a similar subject and for which I attach appropriate documentary evidence. NB Carefully study the 2011 Brochure on the IISA Programmes in Insurance for guidelines on the requirements for exemptions and the documentation required. 3.1 Application for exemption based on examinations passed/qualification(s) obtained with the Insurance Institute of South Africa (IISA) and/or College of Insurance, or another Insurance Institute (CII, IIZ, ANZII), Qualification Subject No and Name Date (mm/ccyy) Result (P/D) Details of Exemption(s) applied for UNISA Qualification Ref No. UNISA Subject Module Code(s)

4 NB Attach copies of both the actual subject results as well as confirmation of the qualification awarded. UNISA may require a detailed syllabus of any or all the subjects. 3.3 Application for exemption based on examinations passed/qualification(s) obtained with UNISA (other than the CBM s Programmes in Insurance) Student No Qualification Subject Ref and Name Date (mm/ccyy) Result (P/D) Details of Exemption(s) applied for UNISA Qualification UNISA Qualification NB If the qualification is incomplete you must state the reason for this. 3.4 Application for exemption based on examinations passed/qualification(s) obtained with a higher education institution other than UNISA Student No Qualification Subject Ref and Name Date (mm/ccyy) Result (P/D) Details of Exemption(s) applied for UNISA Qualification UNISA Qualification NB Attach copies of full actual subject results as well as proof of completion of the qualification. UNISA may require further details and/or detailed syllabi information. If the qualification is incomplete you must state the reason for this. If you need more space to provide the necessary information, please use the space below. Additional Information/Comments to supplement the section(s) above

5 PROGRAMMES IN INSURANCE GUIDELINESS FOR GRANTING OF EXEMPTIONS FOR MODULES/MODULES IN THE ROGRAMMES 1 introduction In general, exemptions will only be allowed for a specific qualification/programme, i.e. IISA Introductory Programme in Short Term Insurance, IISA Programme in Short Term Insurance, etc. The student will, therefore, normally need to re-apply for exemptions on completion of a qualification or whilst doing the last module of a qualification. Exemptions will only be recorded against the student s academic record on registration/examination entry. The number of exemptions allowed is limited and normally not more than 50% of any programme\qualification will be allowed. No exemptions are allowed for specialised technical insurance modules. A certificate will not be issued unless at least two modules in the qualification have been passed by examination. NQF credits (and consequently FAIS compliance) may not be claimed for an individual module for which an exemption has been allowed, i.e. an examination has not been passed. Should a candidate have attempted an examination and failed, exemption will only be considered under very specific conditions and requirements (see IISA Programmes in Insurance RPL). Exemptions are only considered on written application and require documentary evidence, such as an academic transcript, course outline and any other relevant motivation. Although an exemption may be available, it is not necessarily recommended that this be taken up in all instances, e.g. if a student studied the subject matter in another language it is often better to study and write the examination for a module than to apply for an exemption. The student may find that he/she does not progress because the basic knowledge base is lacking. Similarly, although the student has obtained other qualifications in an allied field (e.g. BCom, or MBA), but not specifically studied insurance, it may be better to do all the modules, even if he/she believes that this is a retrogressive step. 2 Exemptions allowed per IISA Programme in Insurance 2.1 IISA Programmes in Short Term Insurance/Life Insurance/Retirement Fund Management Credits NQF5 2 x 60 credits - 12 credits per module The most common exemptions in the Unisa Progs in Ins would be for the legal modules based on a National Diploma in Tax or a law degree covering 70% of the legal modules. A BCom with law should include Commercial Law I and II as well as Mercantile Law I and II. If a tertiary qualification only includes Mercantile Law it must be proven that the syllabus covered at least 70% of the Unisa syllabus. If it covered general aspects, law of contract and law of delict it would cover approximately 66% which may be acceptable. NB Unisa may decide to allow an exemption for Legal Framework of Insurance only and not the legal module in the qualifying programme Legal Framework of Short Term/Life Insurance/Retirement Funds. Exemptions for other modules may be granted based on relevant post-matric, tertiary qualifications and other completed qualifications of recognised professional institutions such as FPI (ILPA) or international insurance institutes. Special and specific arrangements are in place for those who hold a BCom in Insurance and Risk Management from Wits University and NUST in Bulawayo. Refer 3 Exemptions Allowed for Tertiary Qualifications

6 2.2 IISA Programmes in Advanced Insurance Practice Credits NQF6 2 x 60 credits - 12 credits per module Unisa does not allow any exemptions for any final year modules in the case of the IISA Programmes in Insurance, this applies to all the elective modules in the Programmes in Advanced Insurance Practice. NB Some limitations apply to certain modules and if exemptions were awarded in the NQF5 Programmes in Insurance, these will rank equally as if the module(s) were examined e.g.: Retirement and Related Benefits may NOT be awarded to those who had exemptions in Prog in Retirement Fund Management Life Insurance Practice may NOT be awarded to those who had exemptions in Prog in Life Insurance Property Insurance II may ONLY be awarded if Property I has been passed. Special and specific arrangements are in place for those who hold a BCom in Insurance and Risk Management from Wits University and NUST in Bulawayo. Refer 3 Exemptions Allowed for Tertiary Qualifications 3 Exemptions allowed for tertiary qualifications 3.1 Recognised Educational Institutions All registered, South African, tertiary institutions; universities, college and educational institutions, quality assured by either CHE or accredited by any of the SETAs are accepted as duly authorised certifying authorities. 3.2 General Principles for Exemptions for Specialist Modules Exemptions are not normally allowed for specialised technical insurance modules. Exemptions will only be considered for any of the specialist insurance modules where the candidate has the equivalent credit from another institution where the module syllabus covered at least 80% of the IISA Prog in Ins syllabus and a symbol of at least 50% has been achieved in the examination and the other institution did not award the credit based on an exemption/dispensation. 3.3 Recognised Degrees, National Diplomas and Certificates Exemption cannot be granted for more than 50% of the Unisa qualification, therefore in a qualification with five modules, exemptions are usually limited to two modules. Unisa does not allow any exemptions for any final year modules in the case of the IISA Programmes in Insurance, this applies to all the elective modules in the Programmes in Advanced Insurance Practice. The qualifications below by no means represent a complete list and additions or adjustments are made from time to time. The listed qualifications are, however, the more popular qualifications on which insurance student base applications and/or enquiries for exemptions BCom (Wits, NUST or Unisa) with Insurance & Risk Management II A & II B as credits, or Associates & Fellows of the Institute of Actuaries or the Faculty of Actuaries. Exemptions that may be awarded: Programmes in Insurance IPST01E/IPLI01B and PSTI01D/PRLI014/PRRF01L - Legal Framework of Insurance AND...Short Term Ins/Life Ins/Retirement Funds IPST05K and PSTI06J - Introduction to Risk Management Programme in Advanced Insurance Practice Possibilities: IPAI01R and PAIP01G Risk and Insurance IPAI02S and PAIP02H - Principles of Short Term Insurance, or IPAI03T and PAIP03J - Principles of Life Insurance BCom (from any recognised University) Possible exemptions, based on degree credit, e.g. IPAI01R and PAIP01G Risk and Insurance. In most instances there may not be any module credits, but the prior learning admission requirements to the IISA Programmes in Insurance at NQF5 are usually waived.

7 3.3.3 Graduate of Law in a South African or Zimbabwean University (Must have done both Commercial and Mercantile Law) IPST01E/IPLI01B and, possibly, PSTI01D/PRLI014/PRRF01L - Legal Framework of Insurance AND Short Term Ins/Life Ins/Retirement Funds (NB: Only if Income Tax / Commercial Law are credits) Post-Graduate Diploma \ Advanced Post-Graduate Diploma in Financial Planning from the University of the Free State CFP (Certified Financial Planner) membership of the fpi is by invitation and other criteria, one of which is the Post-graduate Diploma in Financial Planning, a 1 year qualification obtained through the University of the Free State. This is a NQF7 qualification, consisting of four modules, each giving 40 credits. The entrance requirements for the Post-graduate Diploma are an appropriate first degree or equivalent qualification, OR relevant experience confirmed by a prior learning assessment evaluation. An NQF6 qualification, such as Unisa s Programme in Advanced Insurance Practice is accepted. Usually, but not necessarily, the person would have done the RFP and AFP fpi board assessments before attempting the Post-graduate Diploma If the applicant obtained the UOFS Diploma, by passing the four modules: Module 1 - The Financial Planning Environment (FBR 711) Module 2 - Personal Financial Planning (FBR 712) Module 3 - Corporate Financial Planning (FBR 713) Module 4 - Practical Case Study (FBR 714) the following exemptions may be granted for two of the four elective subjects modules in the Life or Retirement Funds Programmes the applicant must pass the legal subject, either Legal Framework of Life Insurance or Legal Framework of Retirement Funds. No further exemptions are allowed for the Programme in Advanced Insurance Practice If the applicant obtained the UOFS Post-graduate Diploma and now wishes to study with Unisa, but now wishes to diversify into Short Term, they must do PSTI01D Legal Framework of Short Term, only Unless a previous qualification (the one that provided admission) was in Insurance or the Financial Services field of study, no further exemptions are available If the applicant followed up the UOFS Post-graduate Diploma in Financial Planning with UOFS Advanced Post-graduate Diploma in Financial Planning, then, in addition to the above, exemptions may be given in the Prog in Adv Ins Pract for the three electives. They must do the two compulsory modules, Risk and Insurance and Principles of Short Term Insurance. The exemptions will not apply if the Prog in Adv Ins Pract is done in the short term stream. Section A BCom (Wits or Unisa) - With Insurance & Risk Management II A & II B as credits, or Associates & Fellows of the Institute of Actuaries or the Faculty of Actuaries. Exemptions that may be awarded 1. Programme in Insurance IPST01E and PSTI01D - Legal Framework of Short Term Ins IPST05K and PSTI06J - Introduction to Risk Management 2 Programme in Advanced Insurance Practice IPAI01R and PAIP01G Risk and Insurance IPAI02S and PAIP02H - Principles of Short Term Insurance, or IPAI03T and PAIP03J - Principles of Life Insurance

8 Section B Bachelor of Commerce Degree (B.Com) Possible (but highly unlikely) exemptions, only if appropriate credits were obtained in the studies for the degree and these may be limited to one of the Introductory modules, only. See para 3.2 above. Also, exemptions may be considered for modules in the IISA Introductory Programme in Advanced Insurance Practice, excluding the elective modules. Section C Graduate of Law in a South African or Zimbabwean University IPST01E and PSTI01D - Legal Framework of Short Term Ins, or IPLI01B and PRLI014 - Legal Framework of Life Ins*, or IPST01E and PRRF01L - Legal Framework of Retirement Fund* NB: * Only if Income Tax / Commercial Law are credits) Section D Fellows of the Institute of Life & Pensions Advisors may be granted two of the following exemptions: Dispensation Credit IPLI06G + PRLI06A - Retirement Planning IPLI07H + PRLI07B - Business (Life) Insurance ICRF02L + PRRF02M - Fund Administration ICRF03M + PRRF03N - Benefit Design ICRF04N + PRRF04P - Fund Financing Section E The Financial Planning Institute (FPI) (Current Discipline) The following dispensation may be awarded: Dispensation Credit IPLI05F + PRLI059 - Estate Planning IPLI06G + PRLI06A - Retirement Planning IPLI08J + PRLI08C - Investment Management IPLI07H + PRLI07B - Business (Life) Insurance ILPA Credit Retirement Planning Business Assurance Financial Planning Benefit Structures Fund Financing ILPA Credit Estate Planning Retirement Planning Investment Planning Corporate Financial Planning In both the previous (ILPA) and current (FPI) programs, the student will need to pass a legal module to be awarded the Programme in Life Insurance/Retirement Funds: IPST01E and PRRF01L - Legal Framework of Retirement Funds, or IPLI01B and PRLI014 - Legal Framework of Life Insurance. Section F The Joint Initiative of the IISA and FPI The IISA and FPI (Financial Planning Institute) agreed on a joint programme to enable applicants to qualify as;- I. (RFP) Registered Financial Planner, and II. (AFP) Associate of the Financial Planning Institute. The applicant will then be allowed entry into the Diploma in Financial Planning offered by the University of the Free State (UFS). I (RFP) Registered Financial Planner The student is required to complete the NQF4 qualification and the First Board Assessment examination which will qualify him/her academically for the RFP. II (AFP) Associate of the Financial Planning Institute The student is required to have completed the Programme in Life Insurance and the Advanced Board Assessment examination to academically qualify for the AFP. Syllabus for AFP Qualification 1 x Legal module - compulsory module 4 x Elective modules The student may apply for exemption from the legal / elective modules based on RPL and module to the standard and content being acceptable by the examinations committee. An advanced Board Assessment must also be completed.

9 Section G NUST (National University of Science and Technology) Students that have completed their studies through NUST and wish to study through Unisa may be awarded exemptions subject the following criteria: If the student majored in Short Term Insurance, exemptions must be applied for, for Short Term related modules, including IPST01E/PSTI01D Legal Framework of Short Term Insurance. The Life Insurance / Retirement Funds modules will in turn apply to the Life Insurance students. NB: The student may elect the module for exemption in the appropriate elective discipline at NQF5 Exemptions 1. Programmes in Insurance (NQF5) IPST01E and PSTI01D - Legal Framework of Short Term Ins, or IPLI01B and PRLI014 - Legal Framework of Life Ins, or IPST01E and PRRF01L - Legal Framework of Retirement Fund - Awarded according to module transcript. In the Elective Modules, the student may be awarded: 1x General module (Students Choice), but subject to appropriate credits obtained by examination in the degree at NUST. 2. Programme in Advanced Insurance Practice IPAI01R and PAIP01G Risk and Insurance, and IPAI02S and PAIP02H - Principles of Short Term Insurance, or IPAI03T and PAIP03J - Principles of Life Insurance Section H (IIZ and CII) Certificate of Insurance Practice (CIP) The CIP exam structure is categorised into two distinctive fields, being: I. Short Term Insurance (Non Life) II. Long Term Insurance (Life & EB) Each field has a three tier criteria consisting of: Foundation Modules Branch Modules Specialist Modules Exemptions that MAY be awarded (Short Term) Unisa Credit CIP Credit Foundation Module IPST01E and PSTI01D - Legal Framework of Short Term Ins Legal Aspects of Insurance Branch Module IPST03G and PSTI03F - Commercial Insurance Practice Intro to Commercial General Insurances Exemptions that MAY be awarded (Long Term) UNISA Credit Foundation Module IPLI01B and PRLI014 - Legal Framework of Life Ins Branch Module IPLI07H + PRLI07B - Business (Life) Insurance CIP Credit Legal Aspects of Insurance Introduction to Long Term Business

10 Section J CII Evaluation MITC - The Mediterranean Insurance Training Centre Supporting course outline, duration and examination (if any) must be evaluated on its merits before dispensation can be awarded. An example of the Applied Insurance Studies Certificate and the credits awarded by Unisa. E.g.: The Applied Insurance Studies Certificate The course duration dates are usually reflected on the certificate and the courses covered (e.g. 06 October to 19 December 2006). Possible exemptions based on the course credits Dispensation Credit Course Credits IPLI07H + PRLI07B - Business (Life) Insurance The Business Environment IPAI05V and PAIP05L - Liability Insurance Liability Insurance IPAI07X and PAIP07N - Property Insurance I {Property Insurance (basic property) {Pecuniary Insurance IPAI03T and PAIP03J - Principles of Life Insurance Insurance of the Person IPST04H and PSTI04G - Intro to Marine & Aviation Insurance Marine & Aviation Insurance It is not always possible to offer a one-for-one credit for modules that are either not examined by the Unisa or for the legal module which, in this case will need to be examined on South African Law. CII - Chartered Insurance Institute (via IISA) In 1991 discussions took place between the CII and the IISA to domesticate the Associateship and Fellowship qualifying examinations. This was as a result of the syllabus being largely inappropriate for local conditions and requirements. The syllabus was then devised based on the former ACII/FCII examinations, but modified to allow a number of changes and new modules. The new South African syllabus (1993) was an interim measure with transitional arrangements which were due to expire at the end of 1995 (after the September 1995 examinations). Having made numerous changes/additions to the syllabus, the IISA unbundled the Associateship program of nine (9) modules into two qualifications namely the Higher Certificate in Insurance (HCiI) and Diploma in Insurance (DiI) and by so-doing, increasing the nine (9) module requirement to ten (10). Five modules required for each qualification. A one-forone conversion was exercised, where applicable, and general credits introduced where no match was available, or where the module was due to be discontinued. The conversion came into effect in 1996 and all students then still had until the end of 1999 to complete the qualification, or forfeit the general credits and the legal module if passed prior to However, for various reasons the phasing-out period was extended to the end of 2000, whereafter the general credit forfeiture applied. NB: The following is only applicable to the Associateship / Fellowship conversion pre-1996 syllabus. Associateship Compulsory Modules (Three) IISA Credit Qualification Intro to Insurance * General Credit HCiI Risk and Insurance Risk and Insurance DiI Law and Insurance * Legal Aspects of Insurance HCiI Elective Modules (Three) Economics * General Credit HCiI Principles & Practice of Ins Principles & Practice of Ins HCiI Insurance of the Person Principles of Life Ins DiI Insurance of Liability Liability Insurance DiI Stream Modules (Three) There were eight (8) streams with two or more modules in each one. A minimum of two modules must be elected in one stream and one from any other. 1) Life Insurance IISA Credit Qualification Life Insurance Practice Life Insurance Practice DiI Life Insurance Law & Tax 3310/ Legal Framework of Life Ins HCiI Financial Aspects of Life Business Financial Aspects of Life Business DiI Life & Disability Underwriting Life & Disability Underwriting DiI 2) Motor Insurance Motor Insurance * Motor Insurance I HCiI Motor Ins Underwriting & Claims * Motor Insurance II DiI

11 3) Pension Schemes (Employee Benefits) Pension Scheme Design & Admin Fund Administration HCiI pensions Law & Taxation * Legal Framework of Ret Funds HCiI Financial Aspects of Pensions Bus Financial Aspects of Life Business DiI Life & Disability Underwriting Life & Disability Underwriting DiI 4) Property Insurance Property & Pecuniary Insurance * General Credit DiI Property Ins Risk Assessment Property Insurance II DiI Property Ins Underwriting & Claims Property Insurance I DiI Engineering Insurance Engineering & Construction Ins DiI Interruption Insurance Interruption Insurance DiI 5) Marine Insurance IISA Credit Qualification Marine Risk & Their Assessment Marine Ins, Legal & Doc Framework Marine Insurance II DiI Marine Acc s Management & Reins Marine Claims 6) Reinsurance Principle of Reinsurance Reinsurance I DiI Practice of Reinsurance Reinsurance II DiI Reinsurance Market * General Credit DiI 7) Liability Insurance Legal Liabilities Liability Insurance I DiI Liability Insurance Liability Insurance II DiI 8) Aviation Insurance Aviation Underwriting Marine Insurance I DiI Aviation Law & Claims (CII Examination) NB: (*) Indicates modules that were general credits, merged modules or discontinued by the IISA Fellowship The Fellowship program consisted of five (5) modules. Three (3) Compulsory and two (2) Elective. One advantage with the elective modules was that the student could elect modules from the stream modules at the associate level, if he/she had not taken them in the Associate examinations. The IISA maintained the phasingout date for the Fellowship examinations (end 1999) an all credits that were from the associate level or general credits were forfeited (NB: Applicable to incomplete qualifications only). Compulsory Modules IISA Credits The Business Environment The Business Environment Principles & Practice of Mngt in Ins Fundamentals of Management Accounting & Finance for Mangers in Ins Finance & Management Accounts Elective Modules Insurance Broking * Insurance Broking Two other modules may be elected under the stream modules in the Associateship if not examined as part of the ACII. NB: (*) Indicates module either discontinued, merged or now at6 a lower level. Conversions from Other Insurance Institutes CII - London: - Pre Full conversion. No cross over module requirement - Post Must do a Legal module plus One other.

12 International CII - The Chartered Insurance Institute (UK) The Certificate of Insurance Practice (CIP) is a Technician-level qualification. It was designed to fill the gaps that existed in the CII range qualifications between the COP and their graduate-level Associateship. The entry requirements for this program are: Must have passed 4 GCSE s at grade C level (equivalent of SA Matric) or Be over the age of 21, or Have passed the Certificate of Proficiency, or Have passed the Financial Planning Certificate. Unisa will award exemptions for the credits obtained by students that have completed the CIP qualification or part thereof. Dispensation credits offered by the Unisa will range from the COP to the Diploma in Insurance level. Unisa Dispensation CII Credit The CIP program now filters into Three tier discipline being: Compulsory modules (Three out of Four required) Elective modules (One out of Four required) Stream modules (One out of Four required) Compulsory Modules None None P01 - Insurance Practice, or P02 - Long Term Insurance Practice Programme in Insurance IPST01E and PSTI01D - Legal Framework of Short Term Ins IPLI07H + PRLI07B - Business (Life) Insurance Compulsory Modules P03 - Legal Aspects of Insurance, and P04 - Modern Business Practice Programme in Insurance Elective Modules A) IPST03G and PSTI03F - Commercial Ins Practice, or P10 - An Intro to Commercial General Ins, or B) IPST02F and PSTI02E - Personal Ins Practice, or P11 - An Intro to Personal General Ins, or C) (No Modules Equivalent) P12 - An Intro to Long Term Business, or D) IPST04H and PSTI04G - Into to Marine & Aviation Ins P13 - An Into to Marine & Aviation Ins Diploma in Insurance Stream Modules A IPAI07X + PAIP07N - Property Insurance I, or P25 - Property Insurance, or IPAI04U + PAIP04K - Interruption Insurance, or P30 - Business Interruption Insurance, or IPAI06W + PAIP06M - Motor Insurance, or P35 - Motor Insurance, or IPAI05V + PAIP05L - Liability Insurance, or P40 - Liability Insurance, or IPAI13V + PAIP13L Reinsurance P65 - Reinsurance B. (No Module Equivalent) P20 - Personal general Insurance underwriting and Claims, or IPAI06W + PAIP06M - Motor Insurance P35 - Motor Insurance C. IPAI093 + PAIP09Q - Life Insurance Practice P45 - Life Insurance, or (No Module level Equivalent) P50 - Pensions D. (No Module level Equivalent) P55 - Marine Insurance, or (No Module level Equivalent) P60 - Aviation Insurance, or IPAI13V + PAIP13L - Reinsurance P65 - Reinsurance (No Module level Equivalent) Modules have either been removed from the IISA/Unisa syllabus or merged with other modules at different discipline levels Other Insurance Institutes: Canada - Legal module plus one other New Zealand - Legal module plus two other Australia - Legal module plus three other USA - Legal module plus three other Others - By discussion, but minimum would be legal module plus 4 Diploma modules.