Recent Scheme of Work on Insurance

Syllabus for Senior Secondary




FIRST TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Introduction To Insurance

Topic: Meaning of insurance

Sub-Topic:
Content:
1. Definition of Insurance.
2. The insurer and the insured (Policy Holder)
3. Insurance Contract
4. Elements of Insurance
5. Essential Features of Insurance Contract.
WEEK 2

Theme: Insurance Products

Topic: Motor insurance

Sub-Topic:
Content:
1. Types of policies in motor insurance.
2. Scope of, motor insurance policy.
3. ECOWAS brown cards
WEEK 2

Theme: General Insurance

Topic: Special features of life assurance

Sub-Topic:
Content:
1. Long term contract
2. Level of premium
3. Surrender value
4. State recognition
5. Paid-up policy
6. With profit policies
WEEK 3

Theme: Introduction To Insurance

Topic: Historical development of insurance

Sub-Topic:
Content:
1. Pre-independence insurance market
2. Post-independence insurance market
3. Local Legislations for insurance.
WEEK 3

Theme: Insurance Products

Topic: Fire insurance

Sub-Topic:
Content:
1. Standard fire policy cover.
2. Special perils as an extension of standard fire policy.
WEEK 3

Theme: General Insurance

Topic: General uses of life assurance

Sub-Topic:
Content:
1. Educating one’s children.
2. Provision for retirement.
3. Investment
4. Collateral
5. Monetary estate
6. Protection.
WEEK 4

Theme: Introduction To Insurance

Topic: Risks

Sub-Topic:
Content:
1. Definition of risk
2. Risk and the society
3. Classification of Risk
a. Fundamental
b. Speculative
c. pure
d. particular
e. Dynamic
f. static risks
WEEK 4

Theme: Insurance Products

Topic: Theft insurance

Sub-Topic:
Content:
1. Properties to be covered.
2. Theft insurance in business premises
3. Theft by key or trick.
WEEK 4

Theme: General Insurance

Topic: Insurance market

Sub-Topic:
Content:
1. Insurance companies
2. Reinsurance companies.
3. Insurance intermediaries.
4. Insurance buyers.
5. Insurance sellers.
6. Supporting services.
WEEK 5

Theme: Introduction To Insurance

Topic: Hazards

Sub-Topic:
Content:
1. Definition of physical hazard in property
-such as life, motor and liability
2. Moral hazards such as landlessness
-dishonesty
3. Meaning of peril, hazard
4. Explanation of relationship between hazard and peril.
WEEK 5

Theme: Insurance Products

Topic: Money insurance

Sub-Topic:
Content:
1. In transits only
2. In safe or strong room after business hours.
3. In custody of a stuff e.g. cashier :
WEEK 5

Theme: General Insurance

Topic: Insurance market

Sub-Topic:
Content:
1. Insurance companies
2. Reinsurance companies.
3. Insurance intermediaries.
4. Insurance buyers.
5. Insurance sellers.
6. Supporting services. (Cont.)
WEEK 6

Theme: Introduction To Insurance

Topic: Insurable and uninsurable risk

Sub-Topic:
Content:
1. Meaning of insurable risks
2. Insurable risks in life, property and liability
3. Uninsurable risks with examples
-earthquake
-war
-bad publicity
-nature causes.
WEEK 6

Theme: Insurance Products

Topic: Fidelity gurantee insurance

Sub-Topic:
Content:
1. Name policy
2. Position policy
3. Blanket policy
4. Bonds.
WEEK 6

Theme: General Insurance

Topic: Nigerian insurer association (NIA)

Sub-Topic:
Content:
1. Purpose of Nigerian insurer association.
2. Role of the association.
3. Membership requirements of the association.
WEEK 7

Theme: Introduction To Insurance

Topic: Functions of insurance

Sub-Topic:
Content:
1. Primary Functions
-Spreading of Risks
2. Secondary Functions
-Loss Prevention
- Security etc.
WEEK 7

Theme: Insurance Products

Topic: Credit insurance

Sub-Topic:
Content:
1. Own goods in own vehicles
2. Own goods in hired vehicles.
3. Open cover and use of declaration.
4. Single transits.
WEEK 7

Theme: General Insurance

Topic: Nigerian insurer association (NIA)

Sub-Topic:
Content:
1. Purpose of Nigerian insurer association.
2. Role of the association.
3. Membership requirements of the association. (Cont.)
WEEK 8

Theme: Introduction To Insurance

Topic: Benefits of insurance

Sub-Topic:
Content:
1. Importance of Insurance Benefits
2. Benefits accruing to individuals, society and business organizations.
WEEK 8

Theme: Insurance Products

Topic: Credit insurance

Sub-Topic:
Content:
1. Own goods in own vehicles
2. Own goods in hired vehicles.
3. Open cover and use of declaration.
4. Single transits. (Cont.)
WEEK 8

Theme: General Insurance

Topic: Nigeria council of registered insurance broker (NCRIB)

Sub-Topic:
Content:
1. Meaning of NCRIB.
2. Purpose of NCRIB.
3. Roles of NCRIB.
4. Membership of NCRIB.
WEEK 9

Theme: Introduction To Insurance

Topic: Benefits of insurance

Sub-Topic:
Content:
1. Importance of Insurance Benefits
2. Benefits accruing to individuals, society and business organizations. (Cont.)
WEEK 9

Theme: Insurance Products

Topic: Credit insurance

Sub-Topic:
Content:
1. Own goods in own vehicles
2. Own goods in hired vehicles.
3. Open cover and use of declaration.
4. Single transits. (Cont.)
WEEK 9

Theme: General Insurance

Topic: Nigeria council of registered insurance broker (NCRIB)

Sub-Topic:
Content:
1. Meaning of NCRIB.
2. Purpose of NCRIB.
3. Roles of NCRIB.
4. Membership of NCRIB. (Cont.)

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
SECOND TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Principles Of Insurance

Topic: Insurable interest

Sub-Topic:
Content:
1. Meaning of insurable interest.
2. Legal requirement of insurable interest.
3. Insurable interest in various classes of insurance
WEEK 2

Theme: Insurance Products

Topic: Burglary insurance

Sub-Topic:
Content:
1. Properties to be covered.
2. Burglary insurance in business and private premises.
WEEK 2

Theme: General Insurance

Topic: Institute of loss adjusters of Nigeria (ILAN)

Sub-Topic:
Content:
1. Establishment of ILAN
2. Role of ILAN
3. Membership of ILAN
WEEK 3

Theme: Principles Of Insurance

Topic: Utmost good faith

Sub-Topic:
Content:
1. Principle of utmost good faith
2. Insured and insurer’s duty of disclosure.
3. Breaches of utmost good faith.
4. Effects of a Breach.
WEEK 3

Theme: Insurance Products

Topic: Marine insurance

Sub-Topic:
Content:
1. Hull policy
2. Cargo policy
3. Freight policy
WEEK 3

Theme: General Insurance

Topic: Institute of loss adjusters of Nigeria (ILAN)

Sub-Topic:
Content:
1. Establishment of ILAN
2. Role of ILAN
3. Membership of ILAN (Cont.)
WEEK 4

Theme: Principles Of Insurance

Topic: Proximate cause

Sub-Topic:
Content:
1. Definition of proximate cause
2. Determination of proximate cause of events.
3. Application of simple claims.
WEEK 4

Theme: Insurance Products

Topic: Aviation insurance

Sub-Topic:
Content:
1. Aviation hail policy.
2. Cargo policy
3. Freight policy
4. Liability arising from aircraft operations.
5. Liabilities to passengers and non-passengers.
WEEK 4

Theme: General Insurance

Topic: National insurance commission (NAICOM)

Sub-Topic:
Content:
1. NAICOM as a regulatory body.
2. When it was established.
3. Functions of NAICOM
WEEK 5

Theme: Principles Of Insurance

Topic: Indemnity

Sub-Topic:
Content:
1. Definition of indemnity.
2. Methods of providing indemnity to insurance contract.
3. Limitations of indemnity.
WEEK 5

Theme: Insurance Products

Topic: Engineering insurance

Sub-Topic:
Content:
Types of engineering insurance e.g. broiler, explosion, computer and all risks.
WEEK 5

Theme: General Insurance

Topic: National insurance commission (NAICOM)

Sub-Topic:
Content:
1. NAICOM as a regulatory body.
2. When it was established.
3. Functions of NAICOM (Cont.)
WEEK 6

Theme: Principles Of Insurance

Topic: Subrogation

Sub-Topic:
Content:
1. Meaning of subrogation.
2. Source of subrogation
3. Knock-for-knock agreement.
4. Third-party-sharing.
WEEK 6

Theme: Insurance Products

Topic: Business interruption insurance

Sub-Topic:
Content:
1. Machinery breakdown
2. Fire incident under business interruption insurance.
WEEK 6

Theme: General Insurance

Topic: Chattered insurance institute of Nigeria (CIN)

Sub-Topic:
Content:
1. Establishment of CIIN.
2. Functions of CIIN.
WEEK 7

Theme: Principles Of Insurance

Topic: Contribution

Sub-Topic:
Content:
1. Definition of contribution.
2. How contribution may arise.
3. Application of contribution.
WEEK 7

Theme: Insurance Products

Topic: Employers liability insurance

Sub-Topic:
Content:
1. Workman compensation policy.
2. Level of benefit payable.
WEEK 7

Theme: General Insurance

Topic: Chattered insurance institute of Nigeria (CIN)

Sub-Topic:
Content:
1. Establishment of CIIN.
2. Functions of CIIN. (Cont.)
WEEK 8

Theme: Principles Of Insurance

Topic: Contribution

Sub-Topic:
Content:
1. Definition of contribution.
2. How contribution may arise.
3. Application of contribution. (Cont.)
WEEK 8

Theme: Insurance Products

Topic: Employers liability insurance

Sub-Topic:
Content:
1. Workman compensation policy.
2. Level of benefit payable. (Cont.)
WEEK 8

Theme: General Insurance

Topic: Common insurance technologies

Sub-Topic:
Content:
Common terminologies:
-concealment
-disclosure
-days of grace
-Ex-gratia payment
-Extra premium
-Endorsement
-Excepted subject matter of insurance
-Under insurance
-Subjects matter of contract.
-Return of premium etc.
WEEK 9

Theme: Principles Of Insurance

Topic: Contribution

Sub-Topic:
Content:
1. Definition of contribution.
2. How contribution may arise.
3. Application of contribution. (Cont.)
WEEK 9

Theme: Insurance Products

Topic: Employers liability insurance

Sub-Topic:
Content:
1. Workman compensation policy.
2. Level of benefit payable. (Cont.)
WEEK 9

Theme: General Insurance

Topic: Common insurance technologies

Sub-Topic:
Content:
Common terminologies:
-concealment
-disclosure
-days of grace
-Ex-gratia payment
-Extra premium
-Endorsement
-Excepted subject matter of insurance
-Under insurance
-Subjects matter of contract.
-Return of premium etc. (Cont.)

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
THIRD TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Insurance Practice

Topic: Proposal forms

Sub-Topic:
Content:
1. Meaning of proposal form.
2. Functions and uses of proposal forms.
3. Contracts where proposal forms are used.
WEEK 2

Theme: Insurance Products

Topic: Public liability insurance

Sub-Topic:
Content:
1. Personal liability policy.
2. Product liability policy
WEEK 2

Theme:

Topic:

Sub-Topic:
Content:
WEEK 3

Theme: Insurance Practice

Topic: Cover note

Sub-Topic:
Content:
1. Meaning of cover notes.
2. Characteristics of cover notes.
3. Functions and uses of cover notes.
4. Contracts where cover notes are issued.
WEEK 3

Theme: Insurance Products

Topic: Professional indemnity

Sub-Topic:
Content:
Liability to professional such as doctors, lawyers, insurance brokers, accountants, architects.
WEEK 3

Theme:

Topic:

Sub-Topic:
Content:
WEEK 4

Theme: Insurance Practice

Topic: Certificate of insurance

Sub-Topic:
Content:
1. Definition of certificate of insurance.
2. Certificate of Insurance in
-Motor
-Marine
-Employer’s Liability.
WEEK 4

Theme: Insurance Products

Topic: Term assurance

Sub-Topic:
Content:
1. Form of term assurance e.g. individual and group.
2. Uses of term assurance.
WEEK 4

Theme:

Topic:

Sub-Topic:
Content:
WEEK 5

Theme: Insurance Practice

Topic: Policy document

Sub-Topic:
Content:
1. Definition of policy document.
2. Component parts of a policy document
3. Contribution of a policy.
WEEK 5

Theme: Insurance Products

Topic: Endowment assurance

Sub-Topic:
Content:
1. Ordinary endowment
2. Family income benefit
3. House purchase endowment
4. Educational endowment.
WEEK 5

Theme:

Topic:

Sub-Topic:
Content:
WEEK 6

Theme: Insurance Practice

Topic: Reinsurance

Sub-Topic:
Content:
1. Forms of reinsurance.
2. Functions of reinsurance.
3. Application of reinsurance.
WEEK 6

Theme: Insurance Products

Topic: Whole life assurance policy

Sub-Topic:
Content:
1. Whole life policy.
2. Mode of operation in whole life policy.
WEEK 6

Theme:

Topic:

Sub-Topic:
Content:
WEEK 7

Theme: Insurance Practice

Topic: Insurance renewals

Sub-Topic:
Content:
1. Meaning of Renewal notice.
2. Consideration at renewal.
3. Procedure of renewal
4. Legal status of renewal notice.
5. Long-term agreement (LTA)
WEEK 7

Theme: Insurance Products

Topic: Personal accident insurance

Sub-Topic:
Content:
1. Personal accident insurance.
2. Peril covered
3. Form of personal accident insurance.
WEEK 7

Theme:

Topic:

Sub-Topic:
Content:
WEEK 8

Theme: Insurance Practice

Topic: Insurance claims

Sub-Topic:
Content:
1. Meaning of claim notification.
2. Duties of the insured and the under writer (insured) in claims.
3. Duties of loss assessors and adjusters.
WEEK 8

Theme: Insurance Products

Topic: Personal accident insurance

Sub-Topic:
Content:
1. Personal accident insurance.
2. Peril covered
3. Form of personal accident insurance. (Cont.)
WEEK 8

Theme:

Topic:

Sub-Topic:
Content:
WEEK 9

Theme: Insurance Practice

Topic: Insurance premium

Sub-Topic:
Content:
1. Premium in life and non-life
2. Premium loading
3. Total return of premium.
4. Partial return of premium.
WEEK 9

Theme: Insurance Products

Topic: Personal accident insurance

Sub-Topic:
Content:
1. Personal accident insurance.
2. Peril covered
3. Form of personal accident insurance. (Cont.)
WEEK 9

Theme:

Topic:

Sub-Topic:
Content:

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION





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