PRINCIPLES & PRACTICE OF INSURANCE

An International Diploma Program

A Program teaching a wide range of important topics of GREAT VALUE to
BUSINESS MANAGERS, EXISTING AND ASPIRING INSURANCE PRACTITIONERS

Every person, every organization, every item - whether living or non-living - is exposed to risks, which can result in losses. The main function of insurance is to minimise or to eliminate the effects of risks on individuals and organizations, to act as a “transfer mechanism” whereby responsibility for losses from risks which occur are transferred to insurers, and by which risks are “managed”. An insurance company is a “business”, too, and like any other business need to be run well and profitably. This unique Program has wide-ranging application for individuals, business people, and insurance practitioners.

The Program deals with the background and development of modern insurance practice, and the principles on which it is based. It covers the main classes of insurance business, insurance company organisation, and much more.

Summary of Major Topics Covered in this Diploma Program

• The nature and purpose of insurance; risk, indemnity, the legal position.
• The benefits of insurance, reducing risks; insurance contracts.
• Insurable interest, utmost good faith; classes of insurance business.
• Indemnity, purposes, forms and contracts; values, subrogation and contribution.
• Proximate cause, physical and moral perils, consequential loss.
• Buyers and sellers of insurance, proposal forms, offers and acceptance.
• Premiums payable, policies, cover, certificates; endorsements, legal interpretation.
• Underwriting, premium ratings; reserves, renewals, no-claim bonuses, excesses.
• Transportation, property, accident, liability insurance.
• Personal accident, sickness, health insurance; life assurance, endowment policies.
• Claims and claim settlements.
• Organisation of insurance companies, structure, management, personnel.
  Award and Achievement

On successfully completing this Career Development Program you will:

• Have completed a professional Program of Study with an Accredited College.
• Be awarded the CIC Diploma on Principles & Practice of Insurance.
• Have attained an accredited qualification at Level 4, equated to the British National Framework at the same level as HND and undergraduate study and National Vocational Qualification (NVQ) Level 4.
• Have achieved an accredited qualification at a level showing you possess competence in professional work activities and have been trained for managerial and supervisory levels.
• Be eligible to apply for an additional ASET certificate (see the Newsboard for fuller details.)
• Have completed a Qualifying Program for an International Honours Graduate Diplomas.

Courses are held on a full time basis or on a part time basis or by distance learning. Ask for details.
Duration: 14 session of two hours duration

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