Unit of competency Outline
Date retreived
22/07/2026 3:22 PM AWST
22/07/2026 3:22 PM 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.
Process facultative and treaty reinsurance claims
Process facultative and treaty reinsurance claims
Unit of competency
National Code
FNSISV308
FNSISV308
State Code
AUR98
AUR98
TGA Status
Deleted
Deleted
DTWD Status
Deleted
Deleted
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
40
Description
This unit describes the skills and knowledge required to process facultative and treaty reinsurance claims in accordance with organisational guidelines and procedures.It applies to individuals employed in a range of insurance sectors within organisations of various sizes and across a range of customer bases who apply systematic approaches to processing non-routine claims.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. Receive reinsurance claim
- 1.1 Receive and check information relating to facultative or treaty reinsurance claim
- 1.2 Check completeness of information
- 1.3 Confirm coverage of a claim, or series of claims, under specific customer, policy or treaty
2. Calculate recovery, including reinstatements
- 2.1 Calculate payment amount or amount outstanding according to organisational policy and procedures, and treaty and facultative obligations
- 2.2 Notify reinsurers of claim amount and details under relevant reinsurance arrangements
- 2.3 Request payment from reinsurer
- 2.4 Pass payment information on to appropriate staff, where required
- 2.5 Accurately record or enter on the system all claim information
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D4230 | FNSISV308A | Process facultative and treaty reinsurance claims | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVZ8 | FNS30515 | Certificate III in General Insurance | Qualification |