Course Theme:  EXCELLENCE IS NEVER BY CHANCE!

 

Insurance Law provides candidates with an insight into the laws which underpin the operations of insurance. this SBN module will cover the general legal principles, how the legal system works, and legal personality – how the law applies to different types of person and organization. We consider the law of torts and examine civil wrongs such as negligence, trespass and nuisance. This is relevant to liability insurance because most claims under liability policies are based on tort. We also consider the law of contract, its application and case laws in support or providing landmark decisions, leading the principles.

 

Who should Attend:

Any insurance employee studying the CII Diploma Exam. Individuals who are working in a managerial or supervisory capacity whether in the legal department, underwriting or claims team. Finally, any Underwriters and or individuals who would like to improve their technical ability in the insurance sector where they are employed.

 

Course Outline:

 

Delegates after studying this course will:

 

  1. Understand the nature and sources of English law and the concept of natural legal persons. Describe the classifications and characteristics of English law as well as the sources of English law. Describe the structures and procedures of the courts. The status and capacity of natural legal persons and the main types of corporation and their characteristics. Apply the nature and sources of English law and the concept of natural legal persons to practical situations.

 

  1. Understand the principles of the law of torts and the characteristics of the main torts. Describe the nature and classification of torts and explain the law of negligence and the other main torts. How does the law of torts apply to employers’ liability, products liability and occupiers’ liability? Explain the main defenses, remedies and limitations of actions in tort. Apply the law of tort to practical situations.

 

  1. Understand the law of contract and explain the nature of contractual liability and classification of contracts. Explain the formation of a contract. How contract terms are classified under the general law as well explain defective contracts. The circumstances in which a contract may be discharged and the remedies for breach of contract. Explain the doctrine of privity of contract. The assignment of contractual rights and duties and explain assignment in the context of insurance. Apply the law of contract to practical situations.

 

 

 

  1. Understand the law of agency and its application to insurance as well as explain the nature of agency and how an agency relationship can be created. Explain the relationships between agents, principals and third parties, the nature of an agent’s rights, responsibilities, authority and duties. Explain the termination of agency and its effects and how the principles of agency law apply to insurance. Apply the principles of agency law to practical situations.

 

  1. Understand the main principles governing the formation of insurance contracts. How the principles of contract law apply to the formation of insurance contracts and explain the concept and key elements of insurable interest. The law of insurable interest and how does it apply to the main classes of insurance. Explain the duty of fair presentation in non-consumer insurance, the effects of breach of the duty of fair presentation in non-consumer insurance and the duty to take reasonable care not to make a misrepresentation in consumer insurance. Explain the effects of breach of the duty to take reasonable care not to make a misrepresentation in consumer insurance. Apply the main principles governing the formation of insurance contracts to practical situations.

 

  1. Understand the classification and interpretation of insurance contract terms, the effects of their breach and other vitiating factors. Explain the classification, interpretation of insurance contract terms and how warranties and conditions are formed in insurance contracts. Explain the effect of breach of warranty or condition, how illegality arises in insurance contracts. Apply the classification and interpretation of insurance contract terms to practical situations.

 

  1. Understand the main legal principles governing the making of an insurance claim and describe the parties who can claim on or benefit from an insurance contract. Explain the rules governing notice and proof of loss as well as the insured’s contractual duty to mitigate or prevent an insured loss. Explain the doctrine of proximate cause and apply the main legal principles governing the making of an insurance claim to practical situations.

 

 

  1. Understand how losses are measured, how the principle of indemnity applies to insurance claims as well as the principle of indemnity. Explain the measure of indemnity in various classes of insurance and the factors which limit, reduce, extend or modify the principle of indemnity. Explain the methods of providing indemnity, the doctrine of salvage and abandonment and explain the effect of claim payments on policy cover. Apply how losses are measured and the principle of indemnity to practical situations.

 

  1. Understand how the principles of subrogation and contribution apply to insurance claims, the doctrine of subrogation in insurance and explain the source of subrogation rights and apply the law to practical situations. Explain how subrogation rights may be modified or denied and apply the law to practical situations. The nature of double insurance and operation of contribution. Explain methods of ascertaining the basis of contribution and apply the principle of contribution to the main lines of insurance and to practical situations. The effect of market agreements on rights of contribution.

 

Benefits & Return on Investment:

  • The overall benefits include providing delegates with technical and working knowledge and assessment of the liability exposures in insurance industry.
  • Credits toward further professional courses at the ACII level.
  • Improved employee confidence in their working environment.
  • Competence within the organization which should result in improved customer service.
  • Competitive advantage by having employees trained to the highest standard in the insurance sector Internationally
  • Company compliance with regulatory employee training requirements

 

 

 

 

 

 

 

Trainers:     

Our award-winning training experts  are current industry professionals with over 30 years of international insurance experience. They have a proven track record as insurance trainers and hold “Approved Trainers’ Certificates with the Chartered Insurance Institute (CII).

 

 

Course Delivery:

The above course requires 50 hours online training via Zoom. Teaching method will include lectures, guest lecturers, group work and a mock examination. Delegates are expected to undertake additional reading.

 

 

Cost: US475.00

Early Bird: US395.00 (up to 15th September 2021)

Instalment plans available for fees payment

Start Date: Monday 4th October 2021

Target market: Insurance employees worldwide but specifically to Zambia, Botswana, Kenya, Trinidad & Tobago, Guyana and Grenada.