Implement claim recovery procedures

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSISV507, 'Implement claim recovery procedures'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Implement claim recovery procedures' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Establish viability of recovery

1.1 Identify sources and rights of recovery

1.2 Make accurate calculation of achievable recovery amounts

1.3 Evaluate extent of recovery success

2. Evaluate recovery methods

2.1 Determine benefit to organisation of using each of available recovery methods, following organisational operating procedures

2.2 Assess methods for compliance with relevant legislative and organisational policy requirements

2.3 Ensure recovery action selected is appropriate to circumstances of loss

2.4 Instigate recovery of correct amount from reinsurers, where appropriate

2.5 Appoint agents to undertake loss recovery, where necessary

3. Implement and monitor recovery progress

3.1 Issue demand to responsible party

3.2 Confirm knock for knock, if applicable

3.3 Utilise diary system to monitor follow up

3.4 Make referral to solicitor or other relevant service provider, if applicable

3.5 Implement and follow up recovery within specified timeframes and organisational guidelines

4. Negotiate recovery settlement

4.1 Negotiate recovery settlement on best terms according to organisational policy

4.2 Complete negotiation within timeframes and organisational procedures

5. Process monies

5.1 Check file to determine whether recovery money has been received

5.2 Prepare payment information and enter on system to facilitate payment of claim by finance department, where applicable

5.3 Pay promptly client’s share of recovery money, where applicable

5.4 Finalise claims according to legislation, regulations, organisational operating procedures and codes of practice, if applicable

6. Record outcome

6.1 Update promptly all relevant records and files to display recovery action, amounts and other pertinent detail

6.2 Advise underwriter of any special circumstances, if applicable


Qualifications and Skillsets

FNSISV507 appears in the following qualifications:

  • FNS51110 - Diploma of General Insurance
  • FNS51115 - Diploma of General Insurance