SLII Diploma in Insurance study plan

Define the core risk-transfer and risk-pooling mechanics of insurance and explain insurable interest, indemnity, and utmost good faith in your own words

Distinguish the main classes of insurance (life, health, property, liability, motor, marine) and give one example of how each handles the principle of indemnity differently

Map the underwriting cycle of proposal, disclosure, acceptance, and policy issuance to the principles covered this week

Build a one-page glossary of 25 core insurance-principles terms with a one-line definition each

Explain the legal nature of an insurance contract and identify the elements required for a valid contract

Describe the roles and duties of the main parties and intermediaries: insurer, policyholder, broker, agent, and loss adjuster

Summarise how policy wording, conditions, warranties, and exclusions shape the scope of cover

Compare the treatment of misrepresentation and non-disclosure and note the remedies available to an insurer

Outline the regulatory framework governing insurers and intermediaries, including licensing, capital, and conduct-of-business requirements

Explain the purpose and mechanics of solvency and capital adequacy rules for insurers

Describe the complaints, ombudsman, and dispute-resolution routes available to policyholders

Identify the main anti-money-laundering and financial-crime obligations that apply to insurance business

Apply the legal principles of weeks 2 and 3 to underwriting decisions and policy construction

Explain the underwriting process from risk assessment and rating through acceptance, terms, and renewal

Describe the information sources and risk factors an underwriter uses for at least three different classes of business

Distinguish the roles of underwriter, claims handler, and loss adjuster in the lifecycle of a policy

Describe the claims notification, investigation, assessment, and settlement process step by step

Explain how the principles of indemnity, subrogation, and contribution are applied when settling a claim

Analyse how fraud indicators and reservation-of-rights letters are handled during claims investigation

Evaluate the role of reinsurance and salvage in managing large or complex claims

Explain the main insurance business functions: operations, distribution, actuarial, finance, and customer service, and how they interact

Describe how insurers measure profitability through combined ratio, loss ratio, and expense ratio, and calculate each from given figures

Summarise the purpose and structure of reinsurance and how it supports underwriting capacity

Outline the professional and ethical standards expected of insurance practitioners, including conflicts of interest and fair treatment of customers

Synthesise all four domains into a single concept map linking principles, law, underwriting, claims, and business management

Complete a timed 60-question mixed mock exam under exam conditions and record your score by domain

Identify your three weakest sub-topics and write targeted revision notes for each

Practise structuring short written answers to command verbs such as explain, compare, and evaluate

Re-test the weakest domains identified in week 7 and confirm improvement against the previous score

Recite the key legal, regulatory, and underwriting definitions from memory without notes

Complete two timed 30-question domain-focused quizzes and review every incorrect answer

Consolidate a final one-page formula and definition sheet for exam-day reference