CII IF9 study plan

Define each of the core principles of insurance law (insurable interest, indemnity, utmost good faith, proximate cause, contribution, subrogation) and state the statutory or case-law source for each

Explain how the Consumer Insurance (Disclosure and Representations) Act 2012 changed the duty of disclosure for consumers, contrasting it with the commercial duty under the Insurance Act 2015

Distinguish the main UK court tiers and explain the operation of precedent and the hierarchy of sources of law, including the status of EU-derived law retained in domestic law

Apply the principle of indemnity to three short scenarios (total loss, partial loss, reinstatement) and identify the measure of indemnity in each

Explain how the Financial Services and Markets Act 2000 allocates functions between HM Treasury, the FCA, the PRA and the Bank of England, and describe the statutory objectives of each regulator

Describe the role of the FCA Handbook and the PRA Rulebook, and locate the high-level standards, Prudential Standards and conduct sourcebooks by name

Analyse the main regulatory tools available under FSMA, including rules, guidance, directions, and the threshold conditions

Explain the scope of regulated activities and the meaning of specified investments, and identify when authorisation or an exemption is required

Explain the requirements for a valid contract (offer, acceptance, consideration, intention to create legal relations, capacity) and apply them to insurance placement scenarios

Distinguish terms, representations and mere puffs, and explain the classification of terms as conditions, warranties and innominate terms and the remedies available for breach of each

Describe how an agency relationship is created and terminated, and explain the authority of an agent (actual, implied, apparent) and the duties owed to the principal

Explain the roles of the intermediary in the placement chain, including the distinction between an agent of the insurer and an agent of the insured, and the effect of the Insurance Distribution Directive on disclosure of status

Describe the authorisation process, the threshold conditions and the approved persons regime, and explain how the Senior Managers and Certification Regime allocates responsibility

Explain the FCA's supervisory approach and the range of enforcement powers, including financial penalties, prohibition orders, and the use of the upper tribunal

Outline the core conduct of business rules on fair treatment of customers, product governance, and the duty to act in the client's best interests

Explain the rules on financial promotions and the client categorisation regime (retail, professional, eligible counterparty) and their practical consequences