INS306 Statutory Classes Underwriting Management (8)

This subject provides the student with the knowledge and skills to assess and underwrite risk relating to Statutory Classes and to survey risk exposure and interpret portfolio performance.

Subject Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.

No offerings have been identified for this subject in 2018.

Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Bachelor of Business (Insurance) students only

Assumed Knowledge

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to identify and discuss the principles of workers compensation and Compulsory Third Party insurance
  • be able to evaluate the impact of the legislation on insurers
  • be able to evaluate the risk exposures inherent in Statutory Classes
  • be able to calculate rates and premiums
  • be able to respond to and participate in reviews / appeals on rating decisions
  • be able to review operational performance of policies and portfolios


This subject will cover the following topics:
  • Principles of Workers Compensation insurance and Compulsory Third Party (CTP)  insurance
  • The role of the relevant authorities, legislation on insurers, including the licensing of insurers and self-insurers
  • The role and function of rehabilitation, conciliation and the importance of Early Injury Management
  • Analysis of risk factors and evaluation of risk exposures for Workers' Compensation and CTP
  • Calculation of rates and premiums, including the role of gazette rates, ANZIC Codes and the preparation of statutory returns
  • Respond and participate in reviews / appeals including the analysis of information and rating decisions, establishment of grounds for dispute in light of relevant facts, legislation, policies and guidelines
  • Portfolio data collection, including database review of rates and premiums and claims and instigation of remedial action.
  • Content
  • Statutory Classes may include:
    • Workers Compensation
    • Compulsory Third Party (CTP)
  • Workers Compensation legislation may include:
    • legislation which focuses on the management, prevention and administration of workplace injuries
    • legislation which deals with entitlement to compensation and the benefits payable
    • regulations applicable to the Acts
    • definitions contained in the Acts
  • CTP legislation may include:
    • indemnity against liability and indemnity incurred at common law
    • compensation of accident victims
    • the immediate needs of victims
  • Terms relevant to statutory classes may include:
    • no fault schemes
    • journey cases
    • weekly benefits
    • statutory limitations
    • volesti non fit injura
    • contributory negligence
    • total exclusion
    • partial exclusion


Current Students

For any enquiries about subject selection or course structure please contact Student Central or or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 275 278 (free call within Australia) or enquire online.

The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.