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Corporate Training Partnerships - for financial services professionals

PO5 Insurance Law Exam Revision Workshop

Course Code: PO5 1109


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Dates: On a date of your choice
Venue: Venue of your choice
Course Fees: Available on application
CPD Credits: 12 hours

PO5 - Insurance Law Exam Revision Workshop

About This Workshop
The PO5 Insurance Law exam is generally recognised as the stiffest challenge facing students of the CII Diploma in Insurance. The sheer volume and complexity of the study material can prove daunting to even the strongest candidates, and the pass rate is accordingly low compared to other units in the diploma.

If you are sitting the PO5 exam in October, this practical workshop (spread over two days to allow comprehensive and meaningful coverage of the exam syllabus) can give you the extra support and focus required to succeed in this unit and keep your progress to the diploma on track.

Led by a qualified and highly experienced tutor you will be able to clarify problem areas, practice questions with constructive feedback and review past papers. Class size is restricted to ensure all candidates receive individual support and attention.

How you will benefit
Attending this course will enable you to:

• Develop a structured approach to revision
• Break up the study material into more accessible and digestible segments
• De-mystify the legal complexities
• Brush up on exam techniques
• Learn how to answer the questions in the way the examiner is looking for
• Practice past questions and receive feedback
• Clarify and validate your understanding with a qualified technical expert

At the end of the course you will have both a greater knowledge and understanding of the subject matter and be more confident and better equipped in your exam technique.

Who should attend?
This workshop will offer practical help and valuable support for anyone planning to take the PO5 exam in October 2011.

Training Approach
This workshop uses a combination of trainer input, interactive syndicate work and case studies. Group size is limited to create a supportive learning environment and facilitate knowledge transfer and experience sharing.

Course Leader: Beverley Lyn MBA FCII
Beverley has over 25 years’ experience in the UK General Insurance Industry. Initially starting work in an Insurance Broker, she then moved into the general insurance market and followed a technical career path with Zurich and Independent. In recent years she worked for AXA insurance in senior roles, both operational and Strategic. Beverley is able to combine her strong technical knowledge with a passion for developing people and enabling them to reach their full potential. Beverley provides training services for a number of organisations, including major insurers, training firms
and the Chartered Insurance Institute, for whom she has authored elements of the CII syllabus.

Workshop Programme

Session

Content

Understanding General Legal Principles

  • Law and Legal systems
    Classification of law
    • Principal sources of law
    • Structure of the courts
    • Elements of civil procedure and methods for funding
  • Legal personality
  • Status and capacity of natural legal persons and corporations
  • Law of torts
    Negligence
    • Duty of care and breach of duty
    • Rules concerning damage Liability for economic loss and psychiatric injury
    • Characteristics of other main torts
    • Rylands vs Fletcher
  • Law of contract
    Classification of contracts
    • Formation of contract
    • Validity of contracts
    • Remedies for breach of contract
    • Assignment of contractual rights and duties
    • Assignment in the context of insurance
  • Agency
    • Nature of agency
    • Relationships between agents, principals and third parties
    • Creation of agency
    • Agent’s rights, responsibilities, authorities and duties
    • Agency as applied to insurance
    • Practical application through CASE STUDIES
Examining the Application of the Insurance Contract
  •  Making the contract
    • Contract applied to insurance
    • Insurable interest
  • Utmost good faith
  • Misrepresentation, warranties and other terms
  • FSA & ICOB rules on warranties and conditions
  • Assignment in insurance
  • Practical application through CASE STUDIES
Investigating the Key Legal Principles Applying to Losses and Claims
  • Making the claim
    • Giving notice and proof of loss • Construction of insurance contracts
    • Proximate cause
  • Measuring the loss: indemnity
    • Salvage and abandonment
  • Subrogation
    Principle and operation
    • Subrogation rights
    • Subrogation
  • Contribution
    How contribution arises • Operation of contribution in common law and the effect of contribution conditions
  • Practical application through CASE STUDIES
Effective Revision and Exam Techniques
  • Revision techniques
  • Exam techniques
  • Common pitfalls
  • Top Tips
  • EXERCISES


 

Booking

If you are interested in booking this course, or if you have any questions, please call call us on 020 3170 5779.

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