CIIN Certificate CF7 study plan

Define the core principles of insurance (insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause) and state how each one changes what an insurer will or will not pay

Distinguish the main classes of insurance business and match each class to the regulatory category it falls under in Nigeria

Outline the structure of the Nigerian insurance market: the regulator, insurers, reinsurers, brokers, agents, loss adjusters and their licensing routes

Explain the legal basis of an insurance contract, including offer, acceptance, consideration and the requirement of insurable interest at inception and at loss

Apply the doctrines of utmost good faith, misrepresentation, non-disclosure and warranty to short claim scenarios and state the likely outcome

Describe the powers and functions of the National Insurance Commission, including licensing, supervision, capital requirements and market conduct

Summarise the key obligations placed on insurers by Nigerian insurance legislation, including policy documentation, claims handling and reporting

Identify the roles of the Nigerian Insurers Association, the Council of Registered Insurance Brokers and the Chartered Insurance Institute of Nigeria in market practice

Explain the life insurance contract, including the roles of the proposer, the life assured, the beneficiary and the insurer

Compare term assurance, whole life, endowment and annuity products by payout trigger, duration and premium pattern

Describe underwriting for life business: medical evidence, moral hazard, occupational and financial underwriting, and the use of exclusions and loadings

Outline the main pension arrangements in Nigeria, including the contributory pension scheme, retirement savings accounts and annuity options at retirement

Calculate simple life insurance figures: net premium, gross premium, reserve build-up and surrender value using worked examples

Explain how mortality tables and interest assumptions feed into premium and reserve calculations

Describe the accounting treatment of life fund assets and liabilities, including the valuation of policy liabilities and the treatment of surplus

Interpret the main ratios used to assess a life insurer's solvency, liquidity and profitability

Explain the cover, exclusions and rating factors for property and fire insurance, including average clause and reinstatement

Describe liability insurance, including public liability, employers' liability and professional indemnity, and the basis of the duty of care

Outline motor insurance in Nigeria, including the statutory third-party cover, comprehensive cover, no-claims discount and claims procedure

Summarise marine and aviation insurance, including hull, cargo, freight, Institute Cargo Clauses and the principle of marine perils

Apply the principle of indemnity and average to a property claim and a motor claim

Explain reinsurance, facultative and treaty arrangements, and how reinsurance affects an insurer's net retention and risk profile

Describe the underwriting cycle and how pricing, claims experience and capacity interact in general insurance

Prepare a simple loss ratio and combined ratio calculation from a set of premium and claims figures

Explain the main techniques of risk management: identification, measurement, control, transfer and retention, with insurance as one transfer tool

Identify the main categories of financial risk for an insurer, including credit, market, liquidity and operational risk

Explain the purpose and content of the main financial statements of an insurer and how insurance accounting differs from general accounting

Describe the regulatory capital and solvency requirements for Nigerian insurers and how they are monitored

Outline the insurance sales process, from prospecting and fact-finding to needs analysis, presentation and closing

Explain the ethical duties of an insurance intermediary, including disclosure of commission, conflicts of interest, fair treatment of customers and data protection

Describe good complaint handling and customer service standards in insurance

Consolidate all six domains into a single revision map linking each principle to a product, a regulation and an accounting or risk concept

Complete a timed mock examination under exam conditions and mark it against the syllabus weightings

Revisit the three weakest areas identified in the mock and rewrite the underlying notes for each

Practise short-answer and calculation questions until the standard formulas are recalled without reference