This study text provides an overview of marine hull and associated liabilities insurance and its relationship with the wider international shipping community.
With over 90% of the world's trade transported by sea, the provision of marine insurance safeguards the financial interests of individuals, companies and sovereign states when moving goods and people.
We look at the function of shipping and examine the main elements of marine hull and liability risk. We consider the legal environment, international legal frameworks and how international conventions are implemented in English law before looking at safety and pollution regulations, collision regulations and the Recycling Convention.
We consider the underwriting process and practice used in the marine insurance market, the scope of cover and specialist wording, while also viewing the protection and indemnity (P&I) insurance market before exploring the process and value of claims handling, investigation and settlement procedures.
Building a successful career in insurance
This course is suitable for anyone seeking to develop knowledge and understanding of marine hull and associated liabilities, either in the insurance profession or in a supporting role. Marine Hull and Associated Liabilities (M98) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.
Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.
Summary of learning outcomes
- Understand the principal elements of shipping and world trade.
- Understand the legal and regulatory environment of shipping.
- Understand the key provisions of the Marine Insurance Act 1906.
- Understand and apply key underwriting considerations in marine insurance.
- Understand the scope of cover under marine hull, liability and related insurances.
- Understand the scope of protection and indemnity (P&I) insurance and how it is provided.
- Understand claims investigation, handling and settlement procedures in marine insurance.
Assessment
- Coursework assignment with 10 compulsory short answer questions (marked within 63 calendar days of submission); and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
- 60% coursework pass mark
- The exam standard pass mark is 65% (for more information on standard pass marks please see here)
- The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 91.3%
- Coursework assignment to be submitted within 6 months of enrolment
- Exam to be passed within 18 months of enrolment (only first exam entry included as part of the enrolment)
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn 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
Course delivery
Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.
Study material - editions available
2024-25 edition (applicable to exams sat 01 May 2024 to 30 April 2025)
