FAK 2635 Travel and Accident Insurance
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APPLIES TO ACADEMIC YEAR 2014/2015
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FAK 2635 Travel and Accident Insurance
Responsible for the course
Kjell Smedsrud
Department
Department of Accounting - Auditing and Law
Term
According to study plan
ECTS Credits
7,5
Language of instruction
Norwegian
Introduction
The course provides a broad introduction to travel and accident insurance. It is compulsory for candidates seeking authorization as claims officers in travel insurance.
Learning outcome
Acquired knowledge
After having completed the course the students shall be able to account for insurance terms and legal provisions that apply to travel insurance and accident insurance and
Acquired skills
The students shall be able to give advice and guidance for purchasing travel insurance and accident insurance and shall be able to use company terms and relevant legal provisions when handling less complicated claims settlements.
Reflection
Throughout the course it is a clear goal that students gain a conscious attitude to the fact that the choices they make in their professions and the advice they give are first of all very important for other people.also be able to account for calculation of compensation, premium structure and claims handling principles in accident insurance.
Prerequisites
The course presupposes that students have a basic knowledge of the Norwegian insurance business and the main legal provisions within insurance. Personal experience from working in insurance is also important for such understanding.
Compulsory reading
Books:
Amtedal, K., R.O. Nordgaard og K. Eide.. 2012. Reiseforsikring. 6. utg. BI Forsikring. Under revisjon
Bakke, Jan.. 2012. Grunnleggende skadebehandling. 6.utg.. BI Forsikring. Utdrag fra kapitlene 1,2, 3,4, 6,7 og 9.
Smedsrud, Kjell, red.. 2013. Ulykkesforsikring. 7. utg. BI Forsikring. ca. 240 sider. Under revisjon
Other:
Eget selskaps tariffer, vilkår og brosjyrer
Lover, forskrifter og utdelt materiell
Recommended reading
Course outline
Procedural routines for accident reports
- The insurance contract, appraisal/advice, accident report, recording, analysis, notes, reserve, follow-up
The provisions of the insurance contract act
- Duty of disclosure, insurance certificate, restrictions, limitation period/termination, committee procedures, committees, fraud.
The provisions of the law on tort
- On measure of indemnity, position of tort feasor and recourse.
General guidelines for the claim settlement
- Own risk, reduction of claim, claimant, inspection, recourse basis
Travel insurance terms
- The terms’ provisions on who the insurance applies for, what is covered, including luggage, illness, liability and accidents and where it applies.
- The terms’ provisions on what type of damage is covered, restrictions, particular forms of insurance and coverage, including all-year and short period
insurance as well as cancellation insurance.
- The terms’ provisions on the claim settlement
- The safety regulations, including supervision and storage of luggage, consequences of breach of safety regulations, consequences of fraud and complaint possibilities/committee procedures.
Rating principles
National insurance/social security conventions
- Rules of National insurance and various social security conventions
Claims settlements for travel insurance in particular
- Accident report, lapse of damage claim, the policy-holder’s duty to give information, establishment of loss, calculation of damages for luggage, illness and cancellation insurance
- Rules for own risk, new-for-old deduction, right of ownership to damaged item/legal charge, right of ownership to items that are found, interest duty, fraud, procedures in fraud cases, breach of safety regulations, termination after damage, refund of insurance premium
Subscription, renewal and termination
- The company’s information requirement
- Risk assessment
- Applicant’s duty of disclosure
- Insurance premium routines
- Insurance certificate and insurance terms
- Age limits
Administrative differences: Individual/group accident insurance
- Individual accident
- Group accident
- Insurance certificate
Disability and handicap concepts
- Medical disability
- Compensation for permanent injury
- Occupational unfitness
- Incapacity for work
Extent of accident insurance
- The “classic” accident concept
- Restrictions and extensions of accident concept
- Elaboration of the term “accident”
- Adequacy
- Restrictions in case of illness
- Other restrictions
Insurance payments
- Death benefits
- Disablement compensation
- Treatment expenses
- Child accident insurance
Benefit – payment owing to bereavement
- Appointment of beneficiary
- Cohabitant’s rights
- Same-sex marriage and insurance
Claims handling
- Handling expenses
- Death damage
- Disability damage
- Disasters
- On rejections in particular
- Filing requirement
- Termination in connection with damage
- Loss reserve – IBNR
Other personal insurances in general insurance
- Occupational injury insurance
- Illness interruption insurance
- Sick pay insurance
- Credit life insurance
- Licence insurance
- Disability coverage
- Employer’s liability insurance
Computer-based tools
Students must have access to the Internet.
Learning process and workload
Part-time
The course is conducted as distance teaching with self-tuition and 5 compulsory hand-in assignments. Intensive teaching is given at 3 sessions.
Recommended workload
Activity |
Workload |
| Participation at intensive teaching 3 days | 24 |
| Preparations for lectures | 12 |
| Work on syllabus | 100 |
| Assignments/activities in its learning | 20 |
| Do hand-ins (5) | 40 |
| Exam | 4 |
| Total recommended workload | 200 |
Examination
A four-hour individual written exam concludes the course. The grade C or better is required in order to be approved for authorization.
Examination code(s)
FAK 26351 written exam. The exam accounts for 100% of the grade in the course FAK 2635, 7,5 credits
Examination support materials
All support materials allowed. Examination support materials at written examinations are specifies under exam information in our web-based Student handbook. Please, note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
Re-sit examination
It is only possible to retake an examination when the course is next taught. All retaken examination will incur an additional fee.
Additional information
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