Award in Insurance Principles and Legal Aspects

MQF/EQF Level 4 (6 ECTS Credits) Online Intake Opening Soon, 17.30 - 19.30

Legal aspects and even more importantly insurance principles, provide the basic understanding on how insurance is practiced and based.

Successful candidates will be eligible to claim for 25 CII insurance credits, which are valid for the attainment of the prestigious DIPCII qualification of the Chartered Insurance Institute. The full DIPCII Diploma requires 120 credits in total to complete.

This is a compulsory credit for those in pursuance of the DIPCII.

The programme is designed to explain the various tortious situations that create scenarios for insurance purposes and also dwells on the nature and validity of contracts, especially insurance. Last but definitely not least, the programme explains the 6 fundamental insurance principles of insurable interest, utmost good faith, proximate cause, indemnity, subrogation and contribution on which insurance business and practice rests.

Lecturer/s on this programme are experienced and knowledgeable and bring to the learning environment, the practical aspects related to this area of insurance, thereby enriching the learning experience throughout.

Successful candidates will be eligible to claim for 25 CII insurance credits, which are valid for the attainment of the prestigious DIPCII qualification of the Chartered Insurance Institute. The full DIPCII Diploma requires 120 credits in total to complete.


Objectives
  • to provide technical knowledge related to liability insurance policies, practice and operations
  • to achieve stand-alone awards that attract CII credits
  • to assist students in attaining Chartered Insurance Institute (CII) International Qualifications
Learning Outcomes

The learner will be able to:

  • Identify and describe the practices, procedures, principles and regulation of the insurance market
  • Identify the relevant laws and regulations governing insurance operations
  • Know the legal and regulatory requirements
  • Define and describe the various insurance principles and concepts
  • Understand how underwriting and claims operate
Course Schedule
MonthDate
March6, 8, 13, 15, 20, 22, 27
April3, 10, 11, 12, 17, 19, 24, 26
May3

Lectures will be held between 5.30 – 7.30pm

Lectures scheduled to take place on 03 April and 03 May are revision sessions

Exam will be held on Friday 10 May, between 9.30am-12.30pm at MITC premises

 

Course Duration & Delivery

The course consists of 32 contact hours and held twice weekly. A total of 16 sessions of 2 hours duration (5.30pm – 7.30pm). A further 115 hours of self-study is required.

Examination will be held between 9.30am-12.30pm.

Entry Requirements

There are no entry requirements to participate on this programme however a good working knowledge of the English language is required.

Student CV will be requested to verify the above that incorporates a self-assessment of such entry requirement. A request for copies of certification and references will be made, if necessary.

Learning & Assessment Procedures

The assessment is a three-hour examination consisting of two sections.

Part 1 is a short question set up, wherein the candidates are expected to answer 14 compulsory questions.

In Part 2, the candidates have a choice of 2 questions from 3 wherein they are expected to discuss case studies in an applied way or comment on a general basis.

The exam will test both facts, applied knowledge and the ability to relate to practice.

The pass mark is set at 55%

 

Resit Policy

Resit Policy

  • More than one (1) re-sit attempt is allowed.
  • The re-sit will take place on the same date of the corresponding awards of the subsequent intake.
  • Re-sit exam fee is €60 inclusive of one (1) revision session.

 

Course Fee

The course fee includes:

  • Course material, notes, sample questions, specimen examination papers and/or other educational material
  • Examination and Certification
Discounts and Cancellation Policy
  • Companies effecting group bookings (four or more participants) are entitled to a 10% discount. For group bookings kindly send an e-mail to info@mitcentre.com
  • A 25% cancellation fee is payable for cancellations received within 15 days of the start of the programme.
  • No refund will be provided after the commencement date of the programme.
Testimonials

It is a top quality course. Keep going, we need this type of course to improve our studies. Excellent. I truly enjoyed this course.

Student, 2023

Trainers

Andre Farrugia, PhD MSc FCII CFIRM

Andre Farrugia began his professional career in the insurance industry, and since then, he has ventured into education and training. He holds the Fellowship of the Chartered Insurance Institute (FCII-UK) and another Fellowship with the Institute of Risk Management (FIRM-UK). Recently, Andre completed an MSc in Risk Management from the University of Caledonian in Glasgow and earned a PhD from the University of Malta.

Throughout his professional and academic journey, Andre has made significant contributions to the industry by publishing articles, technical write-ups, and delivering a variety of career talks and technical seminars.

Andre played a pivotal role as a board member in the establishment of the National Vocational Qualifications in Malta. Currently, he serves as a Council board member on the Malta Education Consultative Council, is an outgoing President and active member of the Malta Insurance Institute, represents Malta within the European Forum of the National Institutes for Professional Insurance Institutes, and sits on the Board of EFICERT.

He has delivered numerous lectures and talks in Malta and conducted training sessions in Kosovo, Dubai, and Ghana. Additionally, he has presented academic papers at esteemed universities in Latvia, Greece, and Serbia.

I'm interested in this course

If you are interested to join this course when the intake is open please fill in the form below.

Why Choose Us

MITC is made up of a close-knit team with a real passion for learning and insurance, who believe in the continuous development and empowerment of individuals through learning. We understand all of the nuances and challenges that come with insurance training and, that is why we’re here to help you get your training right.

Our courses are developed following in-depth research and consultation on the subject matter and the related market, thus ensuring participant needs are met. All our trainers are experts in their field and actively contribute towards the continuous development of the courses which they deliver.

Our training services are accredited by the Malta Further and Higher Education Authority (MFHEA) and the European Qualifications Framework platforms. MITC’s homegrown insurance programmes are recognised by the renowned Chartered Insurance Institute, UK.

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