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London market insurance principles and practices

LM2 (15 Certificate credits)

(LM2) London market insurance principles and practices
This unit builds on the learning provided by unit LM1, covering additional subject areas and developing a broader understanding of insurance process and practice across the London market. Topics that you will develop knowledge and understanding of include the unique characteristics of the market and its appeal to international clients.

Completion of this unit provides 15 credits and in combination with LM1, provides a total of 25 credits in the CII qualifications framework, granting the Award in London Market Insurance.

Study material testing period

2016/17 editions are applicable to exams sat from 01 May 2016 to 31 December 2017.

2018 editions are applicable to exams sat from 01 January 2018 to 31 December 2018.

Important notice

Only the 2018 study text and exam package is available to purchase online. Please contact Customer Service on 0208 989 8464 if you would to purchase the 2016-17 edition.

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Study package - 2018 edition only

Members
£228.00
Non-members
£299.00
Study text (printed and ebook) and exam package ‒ 2018 edition **Availability: printed – in stock; ebook – 8 Dec (on RevisionMate)**

This is a self-study course consisting of the printed study text and ebook (available on RevisionMate) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text). Developed to assist you in understanding and learning the exam syllabus, the text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: Access is granted until 31 Dec 2018 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Exam entry
Exams can be booked at the point of enrolment, or at a later date by calling Customer Service. Re-sits can be booked by calling Customer Service.

ebooks
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:

  • ebooks are not pdf files and cannot be printed.
  • the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

An ebook provides the same benefits as the the printed study text, with the same enrolment period, updates to content and access to RevisionMate. The cost (incl.VAT) is the same as the equivalent printed study text.

Additional benefits include:

  • Portability - study on the move and when using a printed study text isn't practical
  • Reduced paper use - paperless study reduces your impact on the environment
  • No postage fee - ebooks are delivered electronically through RevisionMate
  • Fast delivery - we aim for same day delivery for orders before midday Monday to Friday(customers receive an email to confirm their ebook is ready to download).

Depending on the device used, ebook features can include:

  • Annotation tools - these include the ability to add notes to pages and highlight key points
  • Easy navigation - interactive contents page and search function help you pinpoint content
  • Quick web link access - related articles and resources can be accessed with a single click
  • In-built dictionary - definitions for unfamiliar words
  • Read-aloud - available on supporting devices, allowing increased accessibility.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters


Study text (printed and ebook) and exam package ‒ 2018 edition **Availability: printed – in stock; ebook – 8 Dec (on RevisionMate)**

This is a self-study course consisting of the printed study text and ebook (available on RevisionMate) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text). Developed to assist you in understanding and learning the exam syllabus, the text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: Access is granted until 31 Dec 2018 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Exam entry
Exams can be booked at the point of enrolment, or at a later date by calling Customer Service. Re-sits can be booked by calling Customer Service.

ebooks
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:

  • ebooks are not pdf files and cannot be printed.
  • the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

An ebook provides the same benefits as the the printed study text, with the same enrolment period, updates to content and access to RevisionMate. The cost (incl.VAT) is the same as the equivalent printed study text.

Additional benefits include:

  • Portability - study on the move and when using a printed study text isn't practical
  • Reduced paper use - paperless study reduces your impact on the environment
  • No postage fee - ebooks are delivered electronically through RevisionMate
  • Fast delivery - we aim for same day delivery for orders before midday Monday to Friday(customers receive an email to confirm their ebook is ready to download).

Depending on the device used, ebook features can include:

  • Annotation tools - these include the ability to add notes to pages and highlight key points
  • Easy navigation - interactive contents page and search function help you pinpoint content
  • Quick web link access - related articles and resources can be accessed with a single click
  • In-built dictionary - definitions for unfamiliar words
  • Read-aloud - available on supporting devices, allowing increased accessibility.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters

Revision aids - 2018 edition (applicable to exams sat 01 Jan 18 to 31 Dec 18)

Members
£26.00
Non-members
£31.00
Key fact booklet (printed and ebook) – 2018 edition

Summarising the key information contained in the study text, key fact booklets and e-key fact booklets are perfect for studying when travelling to and from work or in situations when reading a study text is impractical.

e-key fact booklets
e-key fact booklets are delivered via RevisionMate, the CII's online study tool and are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones, using appropriate ereader software.

They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:
• e-key fact booklets are not pdf files and cannot be printed.
• the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters

Key fact booklet (printed and ebook) – 2018 edition

Summarising the key information contained in the study text, key fact booklets and e-key fact booklets are perfect for studying when travelling to and from work or in situations when reading a study text is impractical.

e-key fact booklets
e-key fact booklets are delivered via RevisionMate, the CII's online study tool and are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones, using appropriate ereader software.

They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:
• e-key fact booklets are not pdf files and cannot be printed.
• the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters

Members
£26.00
Non-members
£31.00
Question pack - 2018 edition **Available w/e 15 Dec**

Delivered online through RevisionMate, packs contain 225 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Please note, access to the course will not be granted after 31 Dec 2018.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, questions are designed to test knowledge of the unit syllabus in preparation for the exam but are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Question pack - 2018 edition **Available w/e 15 Dec**

Delivered online through RevisionMate, packs contain 225 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Please note, access to the course will not be granted after 31 Dec 2018.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, questions are designed to test knowledge of the unit syllabus in preparation for the exam but are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£12.00
Non-members
£13.00
LM2 Examination guide for exams from 01 January 2018 – 31 Dec 2018

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Important note: Study option enrolees for this unit can download the latest exam guide for FREE from www.revisionmate.com

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete

LM2 Examination guide for exams from 01 January 2018 – 31 Dec 2018

These comprise a past paper, examiners' comments on candidates' performance and key points for inclusion in your answers. These are supplied as PDF files for you to print off as and when required for your own use.

Important note: Study option enrolees for this unit can download the latest exam guide for FREE from www.revisionmate.com

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete

Revision aids - 2016/17 edition

Members
£26.00
Non-members
£31.00
Key fact booklet (applicable to exams sat from 01 May 2016 - 31 Dec 2017)

Comprehensive pocket-sized booklets summarising the key information contained in the coursebook. These are perfect for studying when travelling to and from work or in situations when reading a coursebook is impractical.

Key fact booklet (applicable to exams sat from 01 May 2016 - 31 Dec 2017)

Comprehensive pocket-sized booklets summarising the key information contained in the coursebook. These are perfect for studying when travelling to and from work or in situations when reading a coursebook is impractical.

Members
£26.00
Non-members
£31.00
e-key fact booklet (applicable to exams sat 01 May 16 to 31 Dec 17)

Summarising the key information contained in the study text (applicable to exams sat 01 May 2016 to 31 Dec 2017), e-key fact booklets are perfect for studying when travelling to and from work or in situations when reading a study text is impractical.

e-key fact booklets are delivered via RevisionMate, the CII's online study tool and are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones, using appropriate ereader software.

They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:
• e-key fact booklets are not pdf files and cannot be printed.
• the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

e-key fact booklet (applicable to exams sat 01 May 16 to 31 Dec 17)

Summarising the key information contained in the study text (applicable to exams sat 01 May 2016 to 31 Dec 2017), e-key fact booklets are perfect for studying when travelling to and from work or in situations when reading a study text is impractical.

e-key fact booklets are delivered via RevisionMate, the CII's online study tool and are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones, using appropriate ereader software.

They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

Please note:
• e-key fact booklets are not pdf files and cannot be printed.
• the reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

Sample chapter download
To check that the file formats are compatible with your device/chosen e-reader software prior to purchase, click on the link below to download a free sample.

• Free sample chapters

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£26.00
Non-members
£31.00
LM2 question pack – 2016 edition

Delivered online through RevisionMate, packs contain 225 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus.

This edition is based on the exam syllabus examined from 01 May 2016 - 31 Dec 2017. Please note, access to the questions will not be granted after this period.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, questions are designed to test knowledge of the unit syllabus in preparation for the exam but are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

 

LM2 question pack – 2016 edition

Delivered online through RevisionMate, packs contain 225 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus.

This edition is based on the exam syllabus examined from 01 May 2016 - 31 Dec 2017. Please note, access to the questions will not be granted after this period.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, questions are designed to test knowledge of the unit syllabus in preparation for the exam but are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

 

Members
£12.00
Non-members
£13.00
LM2 Examination Guide for exams from 01 May 2016 – 31 Dec 2017

Multiple choice question Examination guides consist of a specimen examination, answers and useful hints on how to prepare for the examination. Multiple choice question Examination guides are updated annually to take into account syllabus and legislative changes.

Important note: Study option enrolees for this unit can download the latest exam guide for FREE from www.revisionmate.com

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

LM2 Examination Guide for exams from 01 May 2016 – 31 Dec 2017

Multiple choice question Examination guides consist of a specimen examination, answers and useful hints on how to prepare for the examination. Multiple choice question Examination guides are updated annually to take into account syllabus and legislative changes.

Important note: Study option enrolees for this unit can download the latest exam guide for FREE from www.revisionmate.com

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

LM2 revision course

Members
£395.00
Non-members
£470.00
Revision day (2 days)
 
Select course & date

Revision day (2 days)

Two day revision workshop

CII revision courses provide expert tutor support ahead of the exam and are designed to improve your chances of passing.

Two day workshops are structured to cover key elements of the syllabus and give suggestions for effective revision and exam technique. There is also allotted time for you to practise your exam technique and to gain insightful feedback on your answers.

In summary, two day workshops enable you to:

  • Explore the syllabus in detail
  • Clarify areas of concern in the syllabus
  • Discover what the examiner is looking for
  • Discuss common mistakes and how to avoid them
  • Learn useful revision and exam techniques
  • Practice and gain feedback on your exam technique

Learn more about CII face-to-face training venues »

Redeem exam voucher

Book here if you have not yet booked your exam and have a valid exam voucher. You will not be charged.

Members
£106.00
Non-members
£148.00
Unit LM2 exam

| Fees for 2017 exams are shown. If booking for 2018 the correct fee will be shown post login during checkout.

 

This unit may count towards:

Qualification update

Testing position

  • Examinations are based on the published syllabus. Syllabuses are available free of charge on the CII website www.cii.co.uk or on request.
  • Candidates will be examined on the basis of law and practice in England unless otherwise stated.
  • The LM2 examination consists of 55 multiple choice questions (MCQs) and 4 case studies, each comprising 5 MCQs. 2 hours are allowed for this examination.
  • The general rule is that legislative and industry changes will not be examined earlier than 3 months after they come into effect.
  • Candidates must keep up to date with legislative and industry changes that occur.

Solvency II Directive

Solvency II comes into effect on 1 January 2016 and examinations will be reflective of the Directive from 1 May 2016.

The Insurance Act 2015

The Insurance Act 2015 comes into effect on 12 August 2016 and examinations will be reflective of the Act from 1 October 2016.

Insurance Premium Tax

Changes to the rates of Insurance Premium Tax come into effect on 1 October 2016.  Examinations will be reflective of these changes from 1 October 2016.

EU referendum

On 23 June 2016, the UK voted to leave the European Union (EU).

The UK Government invoked 'Article 50' of the Lisbon Treaty on 29 March 2017. In doing so, the two-year negotiation period which will result in Britain leaving the EU began. This means that, at the time of publication, the UK's membership of the EU will cease on 29 March 2019.

Until this final 'withdrawal agreement' is entered into, the UK will continue to be a full member of the EU, compliant with all current rules and regulations, and firms must continue to abide by their obligations under UK law, including those derived from the EU, and continue with the implementation of all legislation that is still to come into effect.

The longer term impact of the decision to leave the EU on the UK's overall regulatory framework will depend, in part, on the relationship agreed between the UK Government and the EU to replace the UK's current membership at the end of the 'Article 50' negotiation period.

Please note: The UK decision to leave the European Union will have no impact on the 2017- 2018 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise.  

Financial Services Compensation Scheme - deposit compensation limits

Changes to the Financial Services Compensation Scheme (FSCS) deposit compensation limits come into effect on 30 January 2017.  Examinations will be reflective of these changes from 1 May 2017.

Insurance Premium Tax

Changes to the rates of Insurance Premium Tax come into effect on 1 June 2017.  Examinations will be reflective of these changes from 1 June 2017.

 

 

 

 

Learning solutions update

These updates are Learning Solutions updates for study purposes.

LM2 2016-17 edition

Pdf icon small To view a list of the main areas of change in the 2016-17 edition, please click here.

Pdf icon small LM2 Bulletin March 2016

Pdf icon small LM2_2016-17_Web_update_01_24-03-2016

Pdf icon small LM2_2016-17_Web_update_02_15-08-2016

Pdf icon small LM2_2016-17_Web_update_03_29-11-2016

Pdf icon small LM2_2016-17_Web_update_04_07-03-2017

Pdf icon small LM2_2016-17_Web_update_05_21-07-2017

2018 edition

Pdf icon small To view a list of the main areas of change in the 2018 edition, please click here.

Other information:

Pdf icon small Insurance current editions

Exam Guide Update

The LM2 Examination Guide for exams from 1 May 2016 to 31 December 2017 was first published in February 2016. Any questions which have been amended since the examination guide was first published will appear below.

 

LM2 Questions 14, 35, 37, 38 and 73 - amended 19-09-16 »

 

Questions 17 and 73 - amended 01.06.17

 

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.