AAii 306 Motor Insurance study plan

Explain how indemnity, insurable interest, utmost good faith, contribution and subrogation operate specifically in motor insurance, giving one motor example of each

Distinguish third-party liability cover from own-damage cover and state which principle justifies compulsory third-party insurance

Build a one-page glossary of the key policy definitions (insured, vehicle, driver, market value, betterment, excess) and write a plain-English version of each

Classify ten exclusions from a typical private car policy as absolute exclusions, conditional exclusions or excesses, and justify each classification

Apply the indemnity principle to calculate a settlement for a total loss and a partial loss, including excess and betterment adjustments

Explain the doctrine of proximate cause using two motor scenarios (theft of keys, damage during a rescue tow)

Describe the conditions precedent to liability in a motor policy (notification, cooperation, no admission of liability) and state the consequence of breaching each

Identify how contribution operates when two motor policies cover the same loss

Map every section of the private car policy (liability to third parties, own damage, fire and theft, personal accident, medical expenses, towing) to the loss it responds to

Trace a third-party injury claim from first notification through liability assessment to reserve setting and settlement

Explain how liability is apportioned under contributory negligence and apply a percentage split to a two-vehicle collision

List the documents and evidence required to validate own-damage, theft and third-party claims

Explain subrogation end to end: when the right arises, what the insurer recovers, and how a recovery is allocated between insurer and insured

Calculate a subrogated recovery where the insured carries an excess and the third party is 70% liable

Identify the main rating factors for private car (vehicle group, driver age and experience, claims history, territory, use, excess) and state the direction of each

Describe how no-claim discount, protected no-claim discount and claims experience affect renewal premium

Underwrite three contrasting risks (young driver on a modified car, mature driver with clean history, high-mileage commuter) and justify the terms offered

Distinguish fleet, commercial vehicle and motor trade policies by their cover triggers and rating approach

Explain how fleet rating uses claims experience, fleet size and vehicle mix rather than individual vehicle rating

Identify the additional covers common in commercial motor (goods in transit, employers liability interface, hired-in plant) and when each applies

Summarise the regulatory framework governing motor insurance in your market, including compulsory third-party requirements and the role of the supervisor

Explain the purpose and content of the certificate of insurance, the policy schedule and the statement of fact, and how each is used at claim time

Describe the customer-service standards that apply to quotations, mid-term adjustments, renewals and cancellations

Draft a renewal letter and a mid-term adjustment confirmation that meet documentation and disclosure requirements

Apply treating-customers-fairly outcomes to three motor scenarios: a declined claim, a mid-term cancellation and a vulnerable customer in arrears

Explain the conflict-of-interest and disclosure duties that arise when an intermediary places motor business

Describe how complaints handling and redress work in motor insurance and when a customer can escalate

Identify conduct risks in claims handling, including delay, low offers and unclear communication, and state the fair alternative for each

Complete two full-length timed practice papers under exam conditions and record a score per domain

Re-study the two weakest domains identified by the practice scores and rewrite your notes for them

Recite from memory the definitions, exclusions and conditions most likely to be tested, and check each against your notes

Produce a one-page exam-day checklist covering calculation steps, liability apportionment and documentation questions