CII LM2 case studies
CII LM2 · Put your knowledge to work in context.
LM2, the London Market Insurance Specialisation qualification, is offered by the Chartered Insurance Institute (CII). This page is an independent study guide for candidates preparing for that CII qualification; it is not affiliated with, endorsed by, or operated by the CII. The official CII qualification page for LM2 could not be retrieved at the time of writing - the URL returned a "Page not found" error - so the exam's structure, duration, question count, pass mark, fees and syllabus weightings could not be verified from the official source. What can be confirmed from the CII website is that the Institute is a professional body dedicated to building public trust in the insurance and financial planning profession, that it operates a learning platform called RevisionMate, and that a site-wide notice stated RevisionMate access had been restored, with candidates whose exam or coursework submission deadline was impacted advised to contact Customer Service. The CII LM2 case studies are 5 cases and about 4,704 words.
1Following the leader on an ex gratia settlement
A UK property portfolio owner (gross asset value £340m, estimated maximum loss £41m) places its property damage and business interruption cover in the London subscription market. Five syndicates write lines of 40%, 20%, 15%, 15% and 10%.
929 words, about 5 min2Coverholder exceeds its binding authority
A Lloyd's managing agent grants a UK regional coverholder a binding authority for commercial combined property risks. The binder permits individual risks up to £2.5m gross written premium and caps aggregate premium income at £8m.
889 words, about 4 min3Subject to survey: was the risk ever bound?
A food manufacturer seeks £90m property damage and business interruption cover for its UK sites. A London broker places the risk with six insurers; the Market Reform Contract is initialled by all six on 28 March.
986 words, about 5 min4Late notification under a D&O claims cooperation clause
A Lloyd's syndicate writes a claims-made directors' and officers' policy for a UK-listed retail company. The policy contains a claims cooperation clause, a condition requiring notice of claims 'as soon as practicable', and no claims control clause.
981 words, about 5 min5Sanctions screening after a Sevastopol call
A Lloyd's syndicate writes hull and machinery cover for a 2015-built bulk carrier owned by a Greek shipping company. The policy incorporates the LMA 3100 sanctions limitation clause.
919 words, about 5 min