CII IF2 study plan

Map the structure of UK insurance law and regulation, distinguishing statute, regulation, FCA/PRA rules and case law, and note which layer governs each of the topics on the IF2 syllabus

Explain the legal nature of insurance and insurable interest, including who must have it and when, and identify the consequences of its absence

Summarise the main statutes and regulators that shape insurance business in the UK, and state the role of each in one sentence

Define the core insurance terms tested in objective questions (indemnity, subrogation, contribution, proximate cause) and give one worked example of each

Distinguish the legal tests for offer, acceptance, consideration and intention to create legal relations, and apply them to a policyholder applying for cover

Explain the role of the Financial Ombudsman Service and Financial Services Compensation Scheme in giving consumers redress, and state the limits of each

Describe how the PRA and FCA divide responsibility for insurers and intermediaries, and identify which regulator handles which type of conduct issue

Explain how a contract of insurance differs from an ordinary commercial contract in its formation, disclosure and remedies

Explain the duties of fair presentation of risk and disclosure under the Insurance Act 2015, including the knowledge of the insured and what counts as a material circumstance

Distinguish the proportionate and deliberate or reckless remedies for breach of the duty of fair presentation

Explain the effect of the Consumer Insurance (Disclosure and Representations) Act 2012 on consumer contracts, and contrast it with the business-insurance rules

Describe the roles of warranties, conditions and representations, and state the remedy for breach of each

Explain the operation of the terms not relevant to the actual loss provision and how it limits an insurer's ability to rely on a breach

Explain the rules on utmost good faith, misrepresentation and non-disclosure, and show how they interact with the 2012 and 2015 Acts

Describe the options available to an insurer when a claim is made, and explain the principle of indemnity and its exceptions

Explain the key elements of the Insurance Distribution Directive as implemented in the UK, including demands-and-needs and product oversight

State the purpose of the FCA's Principles for Businesses and identify which principles are most relevant to selling and claims handling

Explain how the Consumer Duty applies to insurance products and outcomes

Explain the requirements for an insurer and an intermediary to be authorised, and the consequences of carrying on regulated activity without permission

Describe the training and competence and fitness and propriety expectations for individuals working in insurance distribution

Explain the rules on financial promotions and the fair, clear and not misleading standard

Describe the requirements for handling client money and the purpose of the client money rules

Explain the complaints handling process, including timescales and referral rights to the Financial Ombudsman Service

Explain how the senior managers and certification regime allocates responsibility, and identify the duties of a senior manager in an insurer

Describe how the FCA supervises firms and the range of enforcement powers it can use, including financial penalties and prohibitions

Explain the anti-money-laundering and financial crime obligations that apply to insurers and intermediaries

Explain how the Data Protection Act and UK GDPR affect the collection and sharing of customer data in underwriting and claims

Describe how a firm should handle a conflict of interest and what disclosure is required

Apply the law on misrepresentation and non-disclosure to three unseen scenarios and justify the remedy in each

Apply the rules on proximate cause and the terms not relevant to the actual loss to a claim scenario, and reach a reasoned decision

Explain how a complaint should be handled from first contact to final response, including the record keeping required

Explain the obligations that arise when a customer is vulnerable and how these affect advice and claims handling

Explain how the regulatory framework applies to the sale of a policy through a comparison website or other distance channel

Revise every domain using the error log from weeks 1 to 7 and re-test only the topics previously answered incorrectly

Complete two full-length timed papers and reach a consistent pass mark on both

Recite from memory the statute and regulator attached to each of the 20 most tested rules

Identify any syllabus area not yet covered and close it before exam day