Lesson Notes By Weeks and Term - Senior Secondary 3

Insurance associations - NCRIB

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Term – 1st Term

Week: 2

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Insurance

Topic:-       Insurance Associations-NCRIB

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Discuss the roles of the NCRIB
  2. Highlight the membership of the NCRIB

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on insurance associations-NIA

Students pay attention

STEP 2

EXPLANATION

He discusses the roles of the NCRIB

 

 

Students pay attention and participates

STEP 3

DEMONSTRATION

He highlights the membership of the NCRIB

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

NIGERIA CORPORATION OF REGISTERED INSURANCE BROKERS (NCRIB)

This is the association of all professional insurance intermediaries known as insurance brokers. It was founded in 1962 and incorporated in 1967 in response to a situation where many intermediaries flooded the industry to exploit the ignorance of the insuring public and make quick money.

MEMBERSHIP OF NCRIB

The insurance Act 2003 made the membership of the association compulsory for any insurance broker to be able to practise in Nigeria. There are two classes of membership, which are:

  1. Corporate members.
  2. Professional title for individuals engaging in insurance broking with the description of their titles as follows: fellow, associate, ordinary or student members. The association is headed by the president and other council members, with administrative functions performed by the executive secretary.

ROLES OF NCRIB

  1. To establish and maintain a central organisation for insurance brokers practising in Nigeria.
  2. To collect and disseminate information regarding all matters relating to insurance practise in Nigeria.
  3. Spread out duties and obligations of insurance brokers through lectures, seminars, journals, etc
  4. To formulate and maintain standard of conduct for members to encourage professionalism.
  5. To co-operate with government and other institutions and professional bodies on achieving the objectives of the association.

EVALUATION:    1. State four roles of the NCRIB

  1. Highlight the membership of the NCRIB

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively