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Last Updated: Jul 24, 2026
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CII IF1: Insurance Legal and Regulatory (IF1) exam is one of the most important exams for professionals looking to build a career in the insurance industry. IF1 exam is designed to test the candidate’s knowledge and understanding of the legal and regulatory aspects of the industry. It is an essential stepping stone for career progression and is often a prerequisite for senior management roles within insurance companies.
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The IF1 exam is an excellent way for individuals who are new to the insurance industry to get started. It provides a solid foundation in the basics of insurance, including the different types of policies, the principles that underpin them, and the legal and regulatory framework that governs them. This knowledge is essential for anyone looking to work in the insurance industry, whether as an insurance broker or underwriter, claims handler or loss adjuster.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Compulsory Insurance and Legislation | 3% | - Key relevant statutes - Statutory requirements for compulsory insurance |
| Topic 2: Contribution and Subrogation | 6% | - Right of subrogation and its limits - Right of contribution between insurers |
| Topic 3: Risk and Insurance | 10% | - Risk management and control methods - Features of insurable risk - Concepts of risk and types of risk |
| Topic 4: UK Regulatory Framework | 12% | - Role of PRA and FCA - Insurance Distribution Directive (IDD) - Authorisation and supervision - ICOBS rules and conduct standards |
| Topic 5: Proximate Cause | 2% | - Definition and identification - Application to claims settlement |
| Topic 6: Nature and Structure of Insurance | 14% | - Market structures and distribution channels - Classification of insurance business - Purpose and benefits of insurance - Participants in the insurance market |
| Topic 7: Consumer Protection and Dispute Resolution | 8% | - Financial Ombudsman Service (FOS) - Financial Services Compensation Scheme (FSCS) - Complaints handling procedures - Consumer Insurance (Disclosure and Representations) Act 2012 |
| Topic 8: Ethics and Professional Standards | 3% | - CII Code of Ethics - Application to insurance scenarios |
| Topic 9: Principle of Utmost Good Faith | 11% | - Remedies for breach of duty - Insurance Act 2015 provisions - Duty of disclosure and representation |
| Topic 10: Principle of Insurable Interest | 5% | - When insurable interest must exist - Definition and legal basis - Application in different insurance types |
| Topic 11: Contract and Agency Law | 9% | - Law of agency and authority - Application to insurance contracts - Essentials of a valid contract |
| Topic 12: Principle of Indemnity | 7% | - Exceptions to indemnity - Average clause application - Methods of providing indemnity - Meaning and purpose of indemnity |
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