Cookies on the CII website

By using and browsing the CII website, you consent to cookies being used in accordance with our policy. If you do not consent, you are always free to disable cookies if your browser permits, although doing so may interfere with your use of some of our sites or services. Find out more »

Advanced search

Recently added to my basket
 
Sorry but there was an error adding this to your basket. Please try adding it again
 
Basket total
 

Home » Qualifications » Certificate in Contract Wording
 

New - 2013 info for candidates brochure »

Contract certainty continues to be one of the major issues facing the insurance industry, especially within Lloyd's and the London Market.

Great strides have been made since the FSA first highlighted the subject in 2004, stating its dissatisfaction with the 'deal now, detail later' approach. Brokers and insurers have done much to ensure they provide clear, comprehensive and fully-agreed policy wordings before inception.

That said, there is no room for complacency. The regulator remains keenly interested in the efficient running of the insurance market, and individuals and organisations must continue to be vigilant as they strive to treat their customers fairly. To help meet this ongoing challenge, the CII has developed the Certificate in Contract Wording. This enhances knowledge of the practical application of wordings and the issues associated with them.

The Certificate in Contract Wording develops your knowledge of the key subjects underpinning contract certainty. To acquire the Certificate, you must study and pass two units from the Diploma in Insurance: 

  • P05 - Insurance law
  • P21 - Commercial insurance contract wording.

Upon completion, you will be awarded the Certificate in Contract Wording.

Introduction

« Back to Introduction

CII qualifications require completion of one or more units, each covering a specific topic that is individually assessed. Assessment methods vary depending on the level and subject matter of a unit, and include:

  • Multiple choice examinations - the assessment method for Certificate, Award and financial services 'R0' Diploma units assessed in the UK.  Exams are delivered on-screen at a network of over 80 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written examinations - the assessment method for Diploma and Advanced Diploma units, excluding financial services 'R0' Diploma units, and also all units examined outside the UK. Sittings are typically available twice yearly in April and October at over 50 public centres throughout the UK and over 100 public centres outside the UK.

What you need to know

It is essential that candidates familiarise themselves with our service, in particular the rules and procedures that are in place. This should include both exam policies (before the assessment) and notes to results (after the assessment).

Things you need to know before the exam

Things you need to know after the exam

Completion requirements

The Certificate in Contract Wording develops your knowledge of the key subjects underpinning contract certainty.

To obtain the Certificate, you must study and pass two units from the CII's insurance qualifications framework:

and

Upon completion, you will be awarded the Certificate in Contract Wording.

P05
Insurance law
P21
Commercial insurance contract wording
 

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.

Find out more »

Syllabuses

P05 Insurance law

These units cover the following key subjects:

  • Nature and sources of law
  • Legal personality
  • Law of tort
  • Law of contract
  • Insurance contract
  • Void and illegal insurances
  • Insurance claims
  • Subrogation and contribution
  • Agency


Read about updates that will affect Diploma/Advanced Diploma in Insurance units »

P21 Commercial insurance contract wording

These units cover the following key subjects:

  • Regulatory regime and market initiatives
  • Legal issues affecting insurance contracts
  • Scope, coverage and limits of insurance contract wordings
  • Main conditions applied to commercial contract wordings
  • Implications of contract wording as applied to different types of reinsurance

 

Copyright ©2013 The Chartered Insurance Institute
Follow us
LinkedInTwitterYouTube