Unit of competency Outline

Date retreived
23/07/2026 12:21 AM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Evaluate collected information

Evaluate collected information

Unit of competency
National Code
FNSILA502
State Code
AUR60
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081103 - Insurance And Actuarial Studies
Original Release Date
16/09/2015
Nominal Hours
120
Description
This unit describes the skills and knowledge required to apply diagnostic and mathematical skills to determine liability and extent of loss. It encompasses analysis of information obtained through loss investigation and includes evaluation of recovery rights and success relating to a loss situation, and determining the extent of loss, damage or injury.It applies to individuals who use specialised knowledge, analytical skills and systematic approaches and techniques for problem solving and evaluating information and data in a range of situations.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Determine whether loss is covered by insurance or other criteria
  • 1.1 Accurately and thoroughly collect relevant evidence, facts and information
  • 1.2 Review insurance policy conditions to determine whether loss falls within policy coverage
2. Apply and analyse established facts
  • 2.1 Assess validity of claim against reported circumstances and policy specifications
  • 2.2 Accurately and consistently identify fraud indicators
  • 2.3 Apply appropriate analysis techniques, and prioritise and assess data thoroughly
  • 2.4 Document data analysis techniques and procedures, and record promptly and accurately
3. Determine extent of loss, damage or injury
  • 3.1 Determine extent of liability and loss against available evidence and facts and in accordance with legislative and/or insurers, or client, or organisational policy and guidelines
  • 3.2 Ensure extent of loss or damage determined is consistent with assessment of and nature of claim, and is within legislative, insurer, client or organisational constraints
4. Establish recovery rights
  • 4.1 Identify all other contributory insurances
  • 4.2 Identify and assess all cases for potential subrogation action
  • 4.3 Identify sources and rights of recovery and evaluate likelihood of recovery success
  • 4.4 Correctly issue recovery demands, where necessary
No information
No information
Replaces
State Code National Code Title Type
D4219 FNSILA502A Evaluate collected information Unit of competency
Replaced By
State Code National Code Title Type
OCZ45 FNSILA512 Evaluate collected information and report findings in loss adjusting Unit of competency
State Code National Code Title Type
AWF7 FNS51415 Diploma of Loss Adjusting Qualification