CIIN Certificate CF5 study plan

Define the core principles of insurance, including insurable interest, indemnity, utmost good faith, and proximate cause, in your own words

Distinguish between life and non-life insurance products and classify five example policies by type

Explain how risk pooling and the law of large numbers underpin premium calculation

Draw a labelled diagram of the insurance mechanism from policyholder premium to claim payment

Apply each core principle to a short scenario and justify whether a claim would be valid

Summarise the main statutory and regulatory bodies and their roles in insurance supervision

Outline the legal requirements for a valid insurance contract, including offer, acceptance, consideration, and capacity

Explain the doctrine of disclosure and the consequences of non-disclosure or misrepresentation

Describe the main types of insurance regulation, including licensing, solvency, and market conduct rules

Explain the role of intermediaries and the duties owed by agents and brokers to clients and insurers

Analyse how policy wording, conditions, warranties, and exclusions affect claim outcomes

Compare the rights and obligations of insurer and insured at each stage of the contract lifecycle

Classify the main non-life classes, including property, liability, motor, marine, and engineering, by their core cover

Explain how average, excess, deductible, and sum insured clauses operate in property claims

Describe the purpose and structure of reinsurance and distinguish proportional from non-proportional arrangements

Apply underwriting factors for at least three non-life classes to a sample risk

Explain the main life insurance products, including term, whole life, endowment, and annuities, and their purposes

Describe the main health insurance structures and how claims are assessed under them

Outline the underwriting factors used in life and health insurance, including medical and lifestyle factors

Explain the role of policy loans, surrender values, and beneficiaries in life policies

Define risk and distinguish pure from speculative risk, and identify the main risk treatment options

Explain the underwriting process from proposal to acceptance, including information sources and referral triggers

Apply risk-assessment techniques to rate three sample risks and justify the decision

Describe how reinsurance and portfolio management influence underwriting capacity

Outline the claim-handling process from notification to settlement and identify the evidence required at each stage

Explain the duties of good faith and fair treatment owed to customers during claims

Analyse factors that cause claim disputes and propose how to resolve them

Describe the principles of good customer service, including communication, complaints handling, and vulnerability

Consolidate all six domains by completing a timed full-length mock exam under exam conditions

Identify your three weakest domains from the mock and revise those areas first

Practise exam technique for scenario and calculation questions, including showing working and managing time

Review every incorrect mock answer and record the underlying rule or principle