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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Principle of Insurable Interest | 5% | - Application in different insurance types - When insurable interest must exist - Definition and legal basis |
| Topic 2: UK Regulatory Framework | 12% | - Authorisation and supervision - Insurance Distribution Directive (IDD) - Role of PRA and FCA - ICOBS rules and conduct standards |
| Topic 3: Contribution and Subrogation | 6% | - Right of subrogation and its limits - Right of contribution between insurers |
| Topic 4: Principle of Utmost Good Faith | 11% | - Remedies for breach of duty - Insurance Act 2015 provisions - Duty of disclosure and representation |
| Topic 5: Principle of Indemnity | 7% | - Exceptions to indemnity - Meaning and purpose of indemnity - Methods of providing indemnity - Average clause application |
| Topic 6: Consumer Protection and Dispute Resolution | 8% | - Financial Ombudsman Service (FOS) - Complaints handling procedures - Financial Services Compensation Scheme (FSCS) - Consumer Insurance (Disclosure and Representations) Act 2012 |
| Topic 7: Compulsory Insurance and Legislation | 3% | - Statutory requirements for compulsory insurance - Key relevant statutes |
| Topic 8: Risk and Insurance | 10% | - Risk management and control methods - Features of insurable risk - Concepts of risk and types of risk |
| Topic 9: Proximate Cause | 2% | - Definition and identification - Application to claims settlement |
| Topic 10: Ethics and Professional Standards | 3% | - Application to insurance scenarios - CII Code of Ethics |
| Topic 11: Nature and Structure of Insurance | 14% | - Market structures and distribution channels - Classification of insurance business - Purpose and benefits of insurance - Participants in the insurance market |
| Topic 12: Contract and Agency Law | 9% | - Law of agency and authority - Essentials of a valid contract - Application to insurance contracts |
Under common law. when does the insured's duly of fair presentation cease with regard to declarations that do NOT affect policy cover?
If an insured signs an agreement with a hold harmless clause, this may prevent the insurer from
Under a coinsurance arrangement, who is ultimately responsible for payment of an agreed claim?
In the event of an insurer including an unclear clause in its household insurance policy, which statute could the policyholder rely upon if there was a contractual dispute?
The Principles for Business slate that all customers should be treated
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