| CODE | INS2060 | ||||||||||||
| TITLE | Insurance Policy Wording | ||||||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||||||
| MQF LEVEL | Not Applicable | ||||||||||||
| ECTS CREDITS | 2 | ||||||||||||
| DEPARTMENT | Insurance | ||||||||||||
| DESCRIPTION | This study unit is designed to develop in the participant knowledge and understanding of commercial policy wording in the Insurance Market so as to enhance the practical application of wordings and the issues associated with them.. Policy clarity and certainty is one of the major issues facing the insurance industry, especially within Lloyd鈥檚 and the London Market with which our local industry has such strong links. Financial 福利在线免费 Authorities require the provision of clear, comprehensive and fully-agreed policy wordings before inception to all policyholders. Study-unit Aims This study unit aims to develop in the participant a knowledge and understanding of: - the regulation and market initiatives for policy wording clarity/certainty - the legal issues and conditions to consider in policy wording ; - the purpose, scope and use of policy wording in the insurance market; - the importance of policy wordings in the insurance market. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Understand the regulatory regime and the initiatives for policy wording clarity/certainty - Understand the legal issues affecting insurance and reinsurance policies - Understand the main conditions applied to policy wordings - Understand the purpose, scope and use of policy wordings - Understand the implications of policy wordings as applied to different types of insurance 2. Skills (including transferable [generic] skills): By the end of the study-unit the student will be able to: - apply the knowledge and skills garnered on policy wordings to practical situations within the insurance industry in the diverse categories of insurance services offered. Main Text/s and any supplementary readings Reference Materials - Birds鈥� Modern insurance law. John Birds. 7th ed.London: Sweet & Maxwell, 2007. - Contract law. Anne Ruff. 4th ed. London: Sweet & Maxwell, 2005. - The law of reinsurance. Colin Edelman ... [et al]. Oxford: Oxford University Press, 2005. - London market reform. James Willison. London: CII Knowledge 福利在线免费. Updated as necessary. Available online at www.cii.co.uk/knowledge/factfiles (CII/Personal Finance Society members only). - An outline of the law of contract. Sir Guenter Treitel. 6th ed. Oxford: Oxford University Press, 2004. - Recent developments in insurance contract law. Robert Merkin. London: CII Knowledge 福利在线免费. Updated as necessary. Available online at www.cii.co.uk/knowledge/factfiles (CII/Personal Finance Society members only). - Recent developments in reinsurance law. Robert Merkin. London: CII Knowledge 福利在线免费. Updated as necessary. Available online at www.cii.co.uk/knowledge/factfiles (CII/PFS members only). - Reinsurance essentials. Robert L Carter, Leslie D Lucas. London: Reactions, 2004. - Reinsurance in practice. 4th ed. Robert Kiln, Stephen Kiln. London: Witherby, 2001. - Colinvaux & Merkin鈥檚 Insurance contract law. Robert M Merkin. London: Sweet & Maxwell. Looseleaf, updated. - Dictionary of insurance. C Bennett. 2nd ed. London: Pearson Education, 2004. Also available online at www.cii.co.uk/knowledge/doi (CII/Personal Finance Society members only). - The Institute Clauses. N Geoffrey Hudson, J C Allen. 3rd ed. London: LLP, 1999. - Insurance law: text and materials. Ray Hodgin. 2nd ed. London: Cavendish, 2002. - The international hull clauses: analysis of the 2002, 1995 and 1983 hull clauses: against the background of the Marine Insurance Act 1906. Stephen B Goodacre. 1st ed. London: Witherby, 2003. - The law of insurance contracts. Malcolm A Clarke. 4th ed. London: LLP, 2002. - MacGillivray on insurance law: relating to all risks other than marine. 10th ed. London: Sweet and Maxwell, 2003. - Reinsurance practice and the law. Reinsurance Division of Barlow Lyde and Gilbert. London: Lloyd鈥檚 of London Press. Looseleaf, updated. Periodicals - The Journal. London: CII. Six issues a year. Also available online at www.cii.co.uk/knowledge/journal (CII/Personal Finance Society members only). - Technical Focus. Underwriting Faculty. London: CII Knowledge 福利在线免费. Six issues a year. Available online at www.cii.co.uk/knowledge/underwriting (CII/PFS members only). |
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| STUDY-UNIT TYPE | Lecture | ||||||||||||
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| LECTURER/S | Jacqueline Micallef Grimaud |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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