SLII Agent Exam case studies

SLII Agent Exam · Put your knowledge to work in context.

The SLII Agent Exam is the agent-level qualification associated with the Sri Lanka Insurance Institute (SLII), the professional body that describes itself as empowering the insurance industry with excellence in education since 1981 and as having 40+ years leading the industry with professional integrity and global standards. Candidates typically encounter this credential when entering or formalising a career as an insurance agent in Sri Lanka, since the syllabus spans the full range of knowledge an agent needs: insurance fundamentals and principles, life insurance practice, general (non-life) insurance practice, insurance law, regulation and ethics, and sales, marketing and customer service. The SLII Agent Exam case studies are 5 cases and about 5,210 words.

The Undisclosed Spray Booth: Rescission After a Fire

Nadia owns a small furniture assembly workshop insured under a commercial fire policy. At the 1 February renewal she signed a proposal form that asked: "Is any welding, open-flame work, spray painting or woodworking machinery used on the premises?" She answered "No." Five months earlier she had let part of the unit to a subtenant who installed a spray-painting booth and a circular saw; Nadia assumed the question referred only to her own two employees.

805 words, about 4 min 2

Term Policy, Late Premium and an Ambiguous Nomination

Ravi, 44, applied last August for a 20-year level term policy with a sum assured of 250,000. On the application he answered "No" to: "Have you in the past five years had asthma, bronchitis or any respiratory condition requiring medication or an inhaler?" His medical records show two inhaler prescriptions three years earlier for mild exercise-induced asthma, which he regarded as trivial and had forgotten.

1,100 words, about 6 min 3

Underinsurance, a Temporary Kitchen and an Inflated Claim

Spice Lane is a 60-seat restaurant insured under a commercial fire policy. The schedule shows: contents and equipment sum insured 180,000; gross profit (business interruption) sum insured 200,000 over a 12-month indemnity period; a 1,000 deductible applying once per event; and an 80% average (coinsurance) condition on the property section.

978 words, about 5 min 4

A Blank Proposal Form, a Cash Premium and a Rebate

Daniel has been an agent for six years. On a Friday afternoon he meets Mr Tan, 62, a retired teacher who wants to add a hospital plan.

1,136 words, about 6 min 5

Replacing a Whole Life Policy to Fund University Fees

Lisa has serviced the Fernando family for three years. Mr and Mrs Fernando are 38 and 36, with combined income of 96,000, a 220,000 mortgage with 22 years to run, two children aged 6 and 9, and 15,000 in savings.

1,191 words, about 6 min