SLII Agent Exam study guide
SLII Agent Exam · Work through your exam, one topic at a time.
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 study guide has 6 sections and about 1,656 words.
01Insurance Fundamentals and Principles
Insurance Fundamentals and Principles covers risk pooling, the legal principles that make insurance work, and the boundary between insurance and wagers. Expect questions on insurable interest, indemnity, utmost good faith, proximate cause, subrogation, and contribution.
304 words, about 2 min02Life Insurance Practice
Life Insurance Practice tests product types, underwriting, policy provisions, nominations, claims, and the mathematics of premiums and reserves at agent level. Risk classification: insurers group lives by age, sex, health, occupation, and habits; smokers usually pay more.
305 words, about 2 min03General (Non-Life) Insurance Practice
General (Non-Life) Insurance Practice covers property, motor, liability, marine, and health lines, plus underwriting, rating, policy wording, and claims. Sum insured vs limit: property policies usually insure a value; liability policies usually state a limit per occurrence or aggregate.
261 words, about 1 min04Insurance Law
Insurance Law tests contract formation, agency, misrepresentation and non-disclosure, breach, and the legal remedies that decide whether a policy responds. Contract elements: offer, acceptance, consideration, capacity, legality, and intention to create legal relations.
279 words, about 1 min05Regulation and Ethics
Regulation and Ethics tests licensing, market conduct, fair treatment of customers, anti-money laundering, data privacy, and conflicts of interest. Licensing and fit-and-proper: agents must be registered, competent, and honest; insurers must meet solvency and governance standards.
263 words, about 1 min06Sales, Marketing and Customer Service
Sales, Marketing and Customer Service covers needs-based selling, product presentation, marketing compliance, objections, closing, and after-sales service. Fact-find first: gather needs, objectives, financial position, risk tolerance, and existing cover before recommending.
244 words, about 1 min