Program Brief

The diploma in insurance is a technical and supervisory qualification for insurance staff working across all sectors of the industry, and the logical progression from the Certificate in Insurance. The diploma will provide you with a firm understanding of insurance fundamentals and will enable you to build towards advanced technical knowledge, thereby ensuring you have the means to function effectively in a challenging environment. Insurance law Unit (M05) counts towards a diploma in Insurance, it may also count towards the Advanced diploma in insurance. This unit will provide participant with the knowledge of the laws which form the background to the operation of insurance, as well as understand the system within which these laws operate and are administered, and how to Apply knowledge and skills to practical situations.

Sectors
Program Topic
  • Law and Regulatory Knowledge
Program Goals

At the end of the training program, the participant should be able to:

  • Understand the nature and sources of law and the concept of natural legal persons.
  • Understand the principles of the law of torts and the characteristics of the main torts.
  • Understand the law of contract.
  • Understand the law of agency and its application to insurance.
  • Understand the main principles governing the formation of insurance contracts.
  • Understand the classification and interpretation of insurance contract terms, the effects of their breach and other vitiating factors.
  • Understand the main legal principles governing the making of an insurance claim.
  • 8. Understand how losses are measured and how the principle of indemnity applies to insurance claims.
  • 9. Understand how the principles of subrogation and contribution apply to insurance claims.
Program Agenda
Module 1: Nature and Sources of English Law
  • 1 1. Classifications and characteristics of English law

    • 2 2. Sources of English law

      • 3 3. Professions involved within English law

        • 4 4. Structures and procedures of the courts

          • 5 5. Status and capacity of natural legal persons and corporations

            • 6 6. Nature and sources of English law and the concept of natural legal persons to practical situations

              Module 2: Principles
              • 1 1. Nature and classification of torts.

                • 2 2. The main torts.

                  • 3 3. How the law of torts applies to employers’ liability, products liability and occupiers’ liability?

                    • 4 4. Main defenses, remedies and limitations of actions in tort.

                      • 5 5. law of tort to practical situations

                        Module 3: Law of Contract
                        • 1 1. Nature of contractual liability and classification of contracts

                          • 2 2. Formation of a contract

                            • 3 3. How contract terms are classified under the general law

                              • 4 4. Defective contracts

                                • 5 5. Circumstances in which a contract may be discharged

                                  • 6 6. Remedies for breach of contract

                                    • 7 7. Doctrine of privacy of contract

                                      • 8 8. Assignment of contractual rights and duties and how it applies to insurance

                                        • 9 9. حالات عملية على قانون العقود

                                          Module 4: Law of Agency in Insurance
                                          • 1 1. Nature of agency and how an agency relationship can be created

                                            • 2 2. Nature of an agent’s rights, responsibilities, authority and duties

                                              • 3 3. Termination of agency and its effects

                                                • 4 4. How the principles of agency law apply to insurance and practical situations

                                                  Module 5: Main Principles Governing the Formation of Insurance Contracts
                                                  • 1 1. How the principles of contract law apply to the formation of insurance contracts?

                                                    • 2 2. Concept and key elements of insurable interest

                                                      • 3 3. How the law of insurable interest applies to the main classes of insurance?

                                                        • 4 4. Duty of fair presentation in non-consumer insurance and the effect of a breach

                                                          • 5 5. Duty to take reasonable care not to make a misrepresentation in consumer insurance and the effects of a breach

                                                            • 6 6. Main principles governing the formation of insurance contracts to practical situations

                                                              Module 6: Classification and Interpretation of Insurance Contract terms, the Effects of their Breach and other Vitiating Factors.
                                                              • 1 1. Classification, formation and interpretation of insurance contract terms

                                                                • 2 2. Effect of breach of warranty or condition and how illegality arises in insurance contracts

                                                                  • 3 3. Classification and interpretation of insurance contract terms to practical situations

                                                                    Module 7: Main Legal Principles Governing the Making of an Insurance Claim
                                                                    • 1 1. Parties who can claim on or benefit from an insurance contract

                                                                      • 2 2. Rules governing notice and proof of loss

                                                                        • 3 3. Insured’s contractual duty to mitigate or prevent an insured loss

                                                                          • 4 4. The doctrine of proximate cause

                                                                            • 5 5. Investigation of fraudulent claims and the remedies available to the insurer

                                                                              • 6 6. Main legal principles governing the making of an insurance claim to practical situations

                                                                                Module 8: How Losses are Measured and How the Principle of Indemnity Applies to Insurance Claims
                                                                                • 1 1. Principle of indemnity

                                                                                  • 2 2. Measure of indemnity in various classes of insurance2. Measure of indemnity in various classes of insurance

                                                                                    • 3 3. The factors which limit, reduce, extend or modify the principle of indemnity

                                                                                      • 4 4. Methods of providing indemnity.

                                                                                        • 5 5. The doctrine of salvage and abandonment.

                                                                                          • 6 6. Effect of claim payments on policy cover

                                                                                            • 7 7. How losses are measured and the principle of indemnity to practical situations

                                                                                              Module 9: Principles of Subrogation and Contribution in Claims
                                                                                              • 1 1. The doctrine of subrogation in insurance

                                                                                                • 2 2. Source of subrogation rights and apply the law to practical situations

                                                                                                  • 3 3. How subrogation rights may be modified or denied and apply the law to practical situations

                                                                                                    • 4 4. Effect of market agreements on rights of contribution

                                                                                                      • 5 5. Nature of double insurance and operation of contribution

                                                                                                        • 6 6. The principle of contribution to the main lines of insurance and to practical situations

                                                                                                          Program Requirements
                                                                                                          • 1. Pass the professional certificate exam in insurance Foundations Or 2. Pass the certificate exam in insurance, legal and regulatory (IF1)

                                                                                                          -

                                                                                                          Program Path

                                                                                                          Names of the training programs that are integrated (enriched) with the training program:

                                                                                                          • Not Available

                                                                                                          Names of the training programs that after the training program:

                                                                                                          • Not Available
                                                                                                          Program Method
                                                                                                          • Lecture
                                                                                                          • Case Studies
                                                                                                          • Brainstroming
                                                                                                          • Dialogue Teams
                                                                                                          • Exercises and assignments
                                                                                                          Evaluation Method
                                                                                                          • Pre Exam
                                                                                                          • Post Exam
                                                                                                          • Simulation Test for professional exam
                                                                                                          Training Type
                                                                                                          • In Class Training
                                                                                                          • Online Training

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