Foundation in Insurance Certificate. 20 CII credits

Transcription

1 MALTA INTERNATIONAL TRAINING CENTRE Foundation in Insurance Certificate 20 CII credits 11 th October 10 th December 2012 TG Complex, Suite 3 Level 1, Brewery Street, Mriehel BKR 3000 Tel: (00356) , Fax: (00356) info@mitcentre.com Website:

2 Objective The objective of this course is to give a broad understanding of the basic concepts in Insurance as well as an overview of the various general business insurance products. Course Overview This qualification is designed for those seeking a basic knowledge in insurance products, practices and services. It is ideal for candidates who are seeking employment on the insurance industry and have no previous knowledge in insurance. Highlights Introduction to insurance Legal Principles Personal lines and Commercial Insurance policies Local legislation and regulation. Organisers (MITC) Intended Participants This course is suitable for those who require a basic understanding of insurance concepts and/or those who wish to pursue a career through the attainment of qualifications in insurance. It is ideal for new entrants in the market, employees working for insurance companies and all students, including school leavers, requiring credits towards the CII qualifications. Entry Requirements There are no entry requirements to participate in this course or to take the examination. Learning Outcomes At the end of the programme, the candidate would be able to work in an insurance environment and able to deal with classes of insurance within set parameters. Potential Job Opportunities This programme will lead a successful candidate to perform general clerical duties and be involved in general insurance related operations. 2

3 Course Assessment There will be 1 examination session of 2 hours duration, during which candidates are expected to answer 8 compulsory short answer questions. The questions set will establish whether the candidate has obtained basic knowledge about insurance practice and classes of Insurance. The pass mark is set at 55%. Accreditation / Recognition / CPD validation This programme is recognized by the Chartered Insurance Institute (CII) and it attracts 20 CII credits. Level within the National and European Qualifications Framwork This course is rated at NVQ/EQF level 3 Duration The course consists of 24 contact hours, 16 sessions each of 1.5 duration held twice a week. A further 35 hours of self study is required. Time hrs Organisers Course Venue (MITC) TG Complex, Suite 3 Level 1, Brewery Street, Mriehel BKR 3000 Lecturers: Local FCII and ACII qualified practitioners. Fee: 385 per participant (includes tuition, course material, examination and certification). 3

4 Discounts and Cancellation Policy: A 10% overall Discount applies to any Company, registering four or more delegates on the programme. A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme. Terms of Payment: In full upon registration, unless otherwise agreed with MITC. 4

5 Programme Schedule: Thursday 11 th October 12 Monday 15 th October 12 Thursday 18 th October 12 Monday 22 nd October 12 Thursday 25 th October 12 Monday 29 th October 12 Thursday 1 st November 12 Monday 5 th November 12 Thursday 8 th November 12 Monday 12 th November 12 Thursday 15 th November 12 Monday 19 th November 12 Thursday 22 nd November 12 Monday 26 th November 12 Thursday 29 th November 12 Monday 3 rd December 12 Introduction to Insurance Principles of Insurance The Insurance Market, Contract & Agency Law Underwriting Procedures policy wording & Renewals Motor Insurance Marine Insurance Property Ins: (Personal Lines) Travel & Home Insurance Property Ins: (Commercial Lines) Fire, All risk & others Pecuniary Insurance Liability Insurance Life Assurance Insurance of the person Reinsurance and Co-insurance Claims handling and Management The Regulatory Framework Revision Monday 10 th December 12 Exam (2 hours: ) Exam results submitted by post: 7 th January

6 Syllabus: Introduction to Insurance Concept of Risk and Risk Management; Characteristics of insurable risks; Insurable Interest and Utmost good faith Principles of Insurance Indemnity; Subrogation; Contribution; Proximate Cause The Insurance Market & Legislation Basic aspects of marketing particularly current marketing techniques used by insurers and intermediaries; Outline of the components making up the Insurance market; Contract and Agency Law Underwriting procedures & Renewals General underwriting aspects involving quotations, proposal forms, slips, premium computation and related documentation Structure of the policy including the explanation of policy wording and clauses; warranties and conditions; excesses; deductibles and franchises Outline of the renewal procedure and use of related documentation Motor Insurance Underwriting aspects and policy wording Claim processing and settlement Property Insurance Personal Lines Household policies Travel policies Property Insurance Commercial Lines Fire and Special Perils and All Risks policies; Theft and Glass policies Marine Insurance Pleasure craft and marine cargo policies 6

7 Pecuniary Insurance Money, Fidelity Guarantee and Business Interruption policies Liability Insurance Life assurance Employers, Public, Products Liability and Professional Indemnity policies Life assurance policies and related products Insurances of the person Personal accident and sickness, health, permanent health and critical illness policies Reinsurance and Co-insurance Principles and types of risk transfer arrangements used by insurance companies Claims handling and management General aspects of claims management including procedures, investigation, the MIB and Arbitration The Regulatory Framework Role of the MFSA; Outline of local legislation affecting the Insurance Industry, the obligations of insurance sub-agents under the Malta insurance legislation A review of the Insurance Intermediaries Directives 7

8 Foundation in Insurance Certificate Application Form Participant Details Name: Address: Mobile No.: Date of Birth: Sponsor Details (if applicable) Company Name: Company Address: Tel. No.: Fax No.: Fee: 385 per participant Important Deadline Applications to be received by: 1 st Oct 2012 Please tick the box if you do NOT wish to be included in our database which is used solely for marketing purposes. Signature: Date: 8