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Qualification details

FNS51420 - Diploma of Loss Adjusting (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes FNS51415 - Diploma of Loss Adjusting 01/Feb/2021

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 02/Feb/2021


Units of competency

CodeSort Table listing Units of Competency by the Code columnTitleSort Table listing Units of Competency by the Title columnUsage RecommendationSort Table listing Units of Competency by the Usage Recommendation columnEssentialSort Table listing Units of Competency by the Essential column
FNSCUS505 - Determine client requirements and expectationsDetermine client requirements and expectationsSupersededCore
FNSFMK515 - Comply with financial services regulation and industry codes of practiceComply with financial services regulation and industry codes of practiceCurrentCore
FNSIGN404 - Inspect damage and develop scope of workInspect damage and develop scope of workCurrentCore
FNSILA506 - Provide specialist theft, money and fidelity loss adjusting advice and servicesProvide specialist theft, money and fidelity loss adjusting advice and servicesCurrentElective
FNSILA507 - Provide specialist business interruption loss adjusting advice and servicesProvide specialist business interruption loss adjusting advice and servicesCurrentElective
FNSILA508 - Provide specialist liability loss adjusting advice and servicesProvide specialist liability loss adjusting advice and servicesCurrentElective
FNSILA509 - Provide specialist building loss adjusting advice and servicesProvide specialist building loss adjusting advice and servicesCurrentElective
FNSILA510 - Provide specialist construction loss adjusting advice and servicesProvide specialist construction loss adjusting advice and servicesCurrentElective
FNSILA511 - Plan and implement loss investigationsPlan and implement loss investigationsCurrentCore
FNSILA512 - Evaluate collected information and report findings in loss adjustingEvaluate collected information and report findings in loss adjustingCurrentCore
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Classifications

SchemeCodeClassification value
ANZSCO Identifier 599612 Insurance Loss Adjuster 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 
Qualification/Course Level of Education Identifier 421 Diploma 
Taxonomy - Industry Sector N/A Insurance 
Taxonomy - Occupation N/A Insurance Assessor,Loss Adjuster 

Classification history

SchemeCodeClassification valueStart dateEnd date
ANZSCO Identifier 599612 Insurance Loss Adjuster 10/Mar/2021 
ASCED Qualification/Course Field of Education Identifier 0811 Banking, Finance And Related Fields 10/Mar/2021 
Qualification/Course Level of Education Identifier 421 Diploma 02/Feb/2021 
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Modification History

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 6.0.

Qualification Description

This qualification is for loss adjusters who provide standard loss adjusting services in a range of insurance organisations. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others. Work may include analysing claims information, conducting claims investigations, and managing and monitoring operational performance.

Licensing, legislative, regulatory or certification considerations

Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the qualification.

Entry Requirements

Nil

Packaging Rules

Total number of units = 9 

7 core units  plus

2 elective units , of which:

  • all must be from the electives listed below.

Elective units must be relevant to the work environment and the qualification, maintain the overall integrity of the AQF alignment, not duplicate the outcome of another unit chosen for the qualification, and contribute to a valid industry-supported vocational outcome.

Core units

FNSCUS505 Determine client requirements and expectations

FNSFMK515 Comply with financial services regulation and industry codes of practice

FNSIGN404 Inspect damage and develop scope of work

FNSILA511 Plan and implement loss investigation

FNSILA512 Evaluate collected information and report findings in loss adjusting

FNSILA514 Negotiate and affect settlement relating to loss situation, damage or injury

FNSISV405 Analyse insurance claims

Elective units

FNSILA506 Provide specialist theft, money and fidelity loss adjusting advice and services

FNSILA507 Provide specialist business interruption loss adjusting services

FNSILA508 Provide specialist liability loss adjusting advice and services

FNSILA509 Provide specialist building loss adjusting advice and services

FNSILA510 Provide specialist construction loss adjusting advice and services

Qualification Mapping Information

No equivalent qualification. Supersedes and is not equivalent to FNS51415 Diploma of Loss Adjusting.

Links

Companion Volume implementation guides is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe