FAK 2624 Household Insurance
The course will give a broad introduction to the topic household insurance. Mandatory in authorization of claims handlers and advisers working with household insurance.
The students shall obtain basic knowledge of statutory rules, terms of insurance and principles of rating concerning household insurance. The students shall also obtain basic knowledge regarding travel insurance.
This course will give students ability to give advice in most topics related to insurance terms and insurance law concerning household insurance. The students will also know how to use this knowledge in claims handling.
During the course, the students should have acquired a conscious attitude to the fact that their professional choices and advices first and foremost are of importance for other people than themselves.
The Insurance Contract/ The Insurance Contracts Act
- Regulation regarding formation of contract, premium rating and claims handling. Duty of disclosure, Insurance certificate, limitations, limitation period/ cancellations, complaint handlings, complaint boards, fraud.
Terms regarding household, detached house, agricultural insurance, group household insurance and insurance of valuables.
- Terms regulation regarding who is insured, what is insured, where is the insurance valid.
- Terms regulation regarding what kind of damages is covered/not covered natural hazards included, limitations, hazard increase, safety codes and identification regulations.
- Regulations regarding objects fully insured , first loss and fixed amount insurances including stipulation of amount insured, index adjustments, reporting of extensions of the house or new household assets that should be insured specially.
- Regulations regarding legal assistance or liability insurance covered by the household insurance contract.
Scale of rate and ratings
- Central principles of rating, including rating of class of construction, location, types of insurance and safety measures.
- Practical use of ratings , manually calculation of premium.
- Principles of underwriting
- Safety measures - risk preventions.
- Main principles regarding claims handling. Date limits reporting damage or accident, regulation of limitation periods, interest rates and the policyholders duty of disclosure.
- Regulations regarding calculation of compensation of fully insured, first loss or fixed amount insured objects including own risk, underinsurance, new-for-old deduction, rebuilding, fraud and breach of duty of safety regulations.
- Guidelines regarding expert assessment
A review of the most common insurance products covered by travel insurance. Accompanied baggage, travel sickness, liability and repatriation.
- Terms regarding who is insured, what is insured, including accompanied luggage, travel sickness, liability insurance and travel accident insurance; and where is the insurance valid.
- Terms regulations regarding what kind of damages is covered/not covered, limitations, special types of coverage, including all-year-round- and short-term insurance policies and cancellation insurance.
- Regulations regarding claims handling.
- Safety codes including supervision and storing of luggage, consequences of breaching the safety regulations, fraud and information regarding complaint boards.
- Main principles regarding claims handling and rating.
- Philosophy of loss prevention
- Locks and alarms
- Relevant laws and regulations
- Remaining Value Salvage
Organized as E-Learning based on self-tuition and three send-ins (not mandatory).
Intensive three-days seminars are organized but participation is not mandatory.
Higher Education Entrance Qualification
The student needs basic knowledge of the Norwegian Insurance Industry. The course Introduction to Insurance is recommended. Experience from work in the Insurance Industry is an important source of understanding, as well.
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||Yes||4 Hour(s)||Individual||Four hours individual written exam. If used for Authorization the candidate must obtain at least grade C.|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Four hours individual written exam. If used for Authorization the candidate must obtain at least grade C.|
|Exam code:||FAK 26241|
|Resit:||Examination when next scheduled course|
|Workload activity||Duration||Type of duration||Comment student effort|
|Teaching||21||Hour(s)||Partcipation on a 3 days intensive seminar|
|Submission(s)||15||Hour(s)||3 send-inns (not mandatory)|
|Self study||160||Hour(s)||Curriculum and exercises|
|Comment:||Partcipation on a 3 days intensive seminar|
|Comment:||3 send-inns (not mandatory)|
|Workload activity:||Self study|
|Comment:||Curriculum and exercises|
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.
|Wibe-Lund, Knut||2016||Brann- og kombinert forsikring: privat||9. utg||BI Bank og Forsikring|
|cop. 2016||Skadeforebygging: artikkelsamling||13. utg||BI Forsikring||Kap. 1 - 4 og kapittel 8. Resten av boka er kursorisk pensum for autorisasjonskandidater.|
|Bakke, Jan; Haugen, Einar; Haukeland, Nils; Hefre, Tor-Eilif||cop. 2012||Grunnleggende skadebehandling||Grunnleggende skadebehandling||6. utg||BI Forsikring||Utdrag fra kapittel 3|
|Lover, forskrifter og utdelt materiell|
|Artikler brann, sopp og råte - Bygg og Bevar||Artikler brann, sopp og råte - Bygg og Bevar||Resource|