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| Section | Objectives |
|---|---|
| Topic 1: Agency and Insurance Practice | - Principles of agency law - Authority and responsibilities of agents and brokers |
| Topic 2: Insurance Regulation and Compliance | - Regulatory framework in the UK (FCA and PRA) - Conduct of business rules and consumer protection - Ethics and professional standards |
| Topic 3: Insurance Market and Environment | - Structure of the UK insurance market - Key participants and their roles (insurers, brokers, intermediaries) - Types of insurance products and services |
| Topic 4: Insurance Principles and Practice | - Principles of insurance (insurable interest, utmost good faith, indemnity) - Claims handling and underwriting basics |
| Topic 5: Legal Principles Relevant to Insurance | - Law of tort
|
What is the current rate of Insurance Premium Tax for a motor insurance policy?
Why is effective risk management important to an insurer?
How do an insurer's subrogation rights differ, if at all, between a theft policy and a personal accident policy?
Which distribution channel for household insurance is typically characterised by high advertising and promotional costs, with no payment of commission?
It is important to ensure the fair treatment of customers in order to comply with rules set by the
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