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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.

Introduction

CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.


Assessment methods include:

  • Multiple-choice exams - the assessment method for Award, Certificate, and Diploma in Regulated Financial Planning units R01-R05 assessed in the UK. Exams are delivered on-screen at a network of over 40 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written exams - the assessment method for some Diploma and Advanced Diploma units and 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 120 public centres outside the UK.
  • Coursework assessment - available for a select number of Advanced Diploma in Insurance units, Advanced Diploma in Financial Planning unit (AF6) Senior management and supervision and financial services unit (J09) Paraplanning, coursework assessment involves the completion of three written assignments during a 12 month period.
  • Mixed assessment - available for a number of Diploma in Insurance units and all Diploma in Insurance units by April 2018 (unit codes begin with the letter M). This involves the successful completion of both a coursework assignment and a multiple-choice exam. This has an 18 month enrolment period.
  • Dissertation assessment - available for Advanced Diploma units (991) London market insurance specialisation and (994) Insurance market specialisation. This involves the submission of a dissertation proposal and an 11,000 word dissertation. This has an 18 month enrolment period. 

Find out more

It is essential that candidates familiarise themselves with the guidelines and instructions which are shown on the CII website under the relevant units. In addition candidates should familiarise themselves with the coursework and dissertation policies as well as exam policies (before the assessment) and notes to results (after the assessment).

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

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

 

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