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

The Financial Conduct Authority (FCA) requires the provision of clear, comprehensive and fully-agreed policy wordings before inception to all policyholders.

To help individuals and organisations meet this requirement, the CII developed the Certificate in Contract Wording. It 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 / M05 - Insurance law
  • P21 / M21 - Commercial insurance contract wording.

Upon completion, you will be awarded the Certificate in Contract Wording. The modules to the right of this page contain all the information you require to select the most appropriate study path. As you read through these, you will learn about the units on offer, the available learning materials, course and exam entry dates and deadlines, terms and conditions relating to entry, and the different ways you can enter.

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:

Upon completion, you will be awarded the Certificate in 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.

Syllabuses

This unit 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

M21 Commercial insurance contract wording

This unit covers 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