Award In Insurance

                 Fit and Proper Requirements Internal Control System Data Protection Act 1998 GDPR Consumer Rights Act 2015    Ethical Standard:        The scope and operation of the CII ethical code of practice in broad outline. The expectation of customers, the public and regulators that customers will be treated fairly.   Suitability: The objectives of “fit and proper” […]

1. Role of the Insurance Regulator 2. International Association of Insurance Supervisors (IAIS)       i. Executive committees        ii. International Templates       iii. Group of 20 Countries 3. Capital adequacy of Insurers       i. MCR      ii. SCR      iii. Solvency I      iv. Solvency II 4. Combating financial crime 5. Fraud Role of the regulator: Capital adequacy: Anti-money laundering and counter-terrorism […]

i.   Definition ii.  Common law position iii. Policy position 2. Application of Contribution 3. Subrogation: i.   Definition ii.  Common law position iii. Policy position 4. Insurer’s Subrogation Rights i.   Ex-gratia payments 5. Insurer’s rights concerning Subject Matter 6. Precluded Subrogation rights i. Subrogation waiver ii. Hold Harmless Clause

i. A fundamental insurance principle ii. An exact financial compensation iii. Benefit Policies

i.  Before contract formation ii. During Policy Period iii. At renewal i. Marine in Act 1906 ii. CIDRA 2012 iii. Insurance Act 2015 a. 5 Classes in the UK.

a. Life Insurance b. Marine Insurance c. All other General Insurance a. Ownership b. Joint Owners c. Contract d. Statute e. Bailees 4. Application of Insurable Interest to different scenarios

i. Postal Acceptance 5.      Consideration 6.      Cancellation of Insurance Contracts 7.       Agency 8.       Insurer / Intermediary best practice Contracts: Agency : Insurable Interest: i. The requirements for insurable interest in insurance contracts Indemnity: Contribution: Subrogation:  Disclosure and representation: i. How the principles of disclosure and […]

The way in which the market is structured on a: a. Global basis b. Regional basis. a. By ownership b. By function a. Direct channels b. Indirect channels 4. The basic purpose of reinsurance.