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| Section | Objectives |
|---|---|
| Topic 1: Insurance Regulation and Compliance | - Regulatory framework in the UK (FCA and PRA) - Ethics and professional standards - Conduct of business rules and consumer protection |
| Topic 2: Legal Principles Relevant to Insurance | - Law of contract
|
| Topic 3: Insurance Principles and Practice | - Claims handling and underwriting basics - Principles of insurance (insurable interest, utmost good faith, indemnity) |
| Topic 4: Insurance Market and Environment | - Types of insurance products and services - Structure of the UK insurance market - Key participants and their roles (insurers, brokers, intermediaries) |
| Topic 5: Agency and Insurance Practice | - Principles of agency law - Authority and responsibilities of agents and brokers |
What are the other key components of risk apart from uncertainty?
If a firm is said to be risk averse, this means that it
A firm of insurance brokers holds client records on an index card system and does NOT intend to computerise this information. In what circumstances, if any, will these records be covered by the Data Protection Act 2018?
Which general rule does the Contracts (Rights of Third Parties) Act 1999 seek to modify?
Under the provisions of the Financial Services Act 2012. what action, if any, can the regulator take against a firm that has committed money laundering offences?
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