Oktober Edition 2016

MINISTRY OF EDUCATION, MALAYSIA

VOCATIONAL COLLEGE CURRICULUM STANDARD

COURSE INFORMATION

PROGRAMME : INSURANCE

BOND INSURANCE/ TAKAFUL UNDERWRITING

COURSE NAME :
ADMINISTRATION

CODE NAME : BIN 4013

YEAR/SEMESTER : 2 SEMESTER 4

CREDIT UNIT : 3.0

CONTACT HOUR : FACE TO FACE : 4.0 HOURS / WEEK

NON FACE TO FACE : -

COURSE TYPE : VOCATIONAL

PREREQUISITE : -

CORE REQUISITE : -

Last Edited Okt 2016

Module Page 1/6 Document Page 1
 Oktober Edition 2016

COURSE OUTCOMES

At the end of the course, the students should be able to:-

1. Receive client completed proposal form

2. Obtain premium/ contribution rate from underwriter.
3. Generate cover note
4. Receive payment from client

COURSE DESCRIPTION

Bond insurance is also known as "financial guarantee insurance". Bond insurance is a type of insurance whereby an insurance company
guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond
or security.This course provides the student with competence underwriting personnel of Bond Insurance/ Takaful Underwriting Administration to
ensure client satisfaction in accordance with Insurance Act 1963 and Takaful Act 1984.

Last Edited Okt 2016

Module Page 2/6 Document Page 2
 Oktober Edition 2016

CONTENT AND LEARNING STANDARDS

PROGRAMME : INSURANCE

COURSE NAME : BOND INSURANCE/ TAKAFUL UNDERWRITING ADMINISTRATION

CODE NAME : BIN 4013

CONTACT
CONTENT STANDARD LEARNING STANDARD PERFORMANCE CRITERIA
HOUR

10 HOURS 1. DETERMINE CLIENT 1.1.Identify applicant information 1.1.1 Define information and documents
(2 WEEKS) COMPLETED PROPOSAL and documents.
FORM
1.2 Identify types of bond 1.2.1 Define types of bond insurance/
insurance/ takaful. takaful determined.

1.3 Determine agent code

and name. 1.3.1 State agent code and name
determined.

Last Edited Okt 2016

Module Page 3/6 Document Page 3
 Oktober Edition 2016

CONTENT AND LEARNING STANDARDS

PROGRAMME : INSURANCE

COURSE NAME : BOND INSURANCE/ TAKAFUL UNDERWRITING ADMINISTRATION

CODE NAME : BIN 4013

CONTACT
CONTENT STANDARD LEARNING STANDARD PERFORMANCE CRITERIA
HOUR
.
25 HOURS 2. DETERMINE PREMIUM / 2.1 Identify client proposal 2.1.1 Deliver client proposal information and
(5 WEEKS) CONTRIBUTION RATE information and documents to documents to underwriter.
FROM UNDERWRITER underwriter.

2.2 Identify premium / contribution 2.2.1 State premium / contribution rate from
rate from underwriter. underwriter.

2.3 Plan quotation according to 2.3.1 Make quotation according to underwriter

under writer decision. decision.

2.4 Ensure acceptance from client. 2.4.1 Verify acceptance from client.

PROGRAMME : INSURANCE
Last Edited Okt 2016
Module Page 4/6 Document Page 4
 Oktober Edition 2016

COURSE NAME : BOND INSURANCE/ TAKAFUL UNDERWRITING ADMINISTRATION

CODE NAME : BIN 4013

CONTACT
CONTENT STANDARD LEARNING STANDARD PERFORMANCE CRITERIA
HOUR
.
25 HOURS 3. CREATE COVER NOTE 3.1. Identify cover note format 3.1.1. Build cover note format.
(5 WEEKS)
3.2. Verify cover note approval from 3.2.1 Ensure client informed regarding cover note
client. approval.

Last Edited Okt 2016

Module Page 5/6 Document Page 5
 Oktober Edition 2016

PROGRAMME : INSURANCE

COURSE NAME : BOND INSURANCE/ TAKAFUL UNDERWRITING ADMINISTRATION

CODE NAME : BIN 4013

CONTACT
CONTENT STANDARD LEARNING STANDARD PERFORMANCE CRITERIA
HOUR

10 HOURS 4. DETERMINE PAYMENT 4.1. Identify method of payment. 4.1.1. Recognise method of payment.
(2 WEEKS) FROM CLIENT
4.2. Identify frequency of payment. 4.2.1. Recognise frequency of payment.

4.3. Verify payment from client. 4.3.1. Ensure payment from client collected

4.4. Design official receipt 4.4.1 Make official receipt.

Last Edited Okt 2016

Module Page 6/6 Document Page 6