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Chartered Insurance Institute
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Key facts


Key facts for the Certificate in London Market Insurance

 

What does this qualification involve?

The Certificate in London Market Insurance comprises three compulsory units, providing a total of 40 credits upon successful completion.

Candidates are required to take the following compulsory units:

  • (LM1) London market insurance essentials
  • (LM2) London market insurance principles and practices
  • (LM3) London market underwriting principles

There is no prescribed order in which units must be taken, but it is strongly recommended that you sit LM1 first followed by LM2 and LM3.

For unit syllabuses, return to the Certificate in London Market Insurance landing page, and click on the ‘Syllabuses’ link to the right of the page.

Overview of Certificate-level units:

Unit

Assessment format

Study hours

Credits awarded

 

 

 

 

(LM1) London market insurance essentials

·         1 hour exam

·         50 multiple choice questions

·         70% nominal pass mark

40

10

(LM2) London market insurance principles and practices

·         2 hour exam

·         55 multiple choice questions and 4 case studies

·         70% nominal pass mark

60

15

(LM3) London market underwriting principles

·         2 hour exam

·         75 multiple choice questions

·         70% nominal pass mark

60

15

Find out more about assessment methods, including exam policies and centres »

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units »