PDI - Legal Aspect of Life Insurance
Email
arvinlau@vtc.edu.hk
Enquiry:
Mr. John Tsang (Programme Director)
Tel: 2836 1863
Email: johntsang@vtc.edu.hk
Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk Fax: 2891 5707
Tel: 2836 1863
Email: johntsang@vtc.edu.hk
Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk Fax: 2891 5707
Learning Outcomes
On completion of the module, students are expected to be able to:
-
comment on the appropriateness of the life insurance practices and policies in compliance with relevant legal regulations;
-
make recommendations with justification for life insurance agreement and contract affirmation or rebuttal; and
-
apply concepts and principles of relevant law in justifying and resolving life insurance contractual and claims disputes.
Learning Contents
-
Legal environment
-
Anti-money laundering and privacy
-
Related aspects and developments
-
Law of contracts and concept of agency
-
Basic principles of contract law
-
Related laws and regulations of selling of investment and life insurance products
-
Law and regulation of agency including variousduties of financial institutions and intermediaries
-
Waiver and estoppel
-
Formation and structure of a life insurance policy
-
Policy provisions, benefits and limitations
-
Property rights in a life Insurance Policy
-
Beneficiary designations and changes
-
Settlement options, trusts and wills
-
Premiums and dividends
-
Non-forfeiture provisions and policy loans
-
Assignments and other transfers including commercial transactions and bankruptcy
-
Lapse and reinstatement
-
Remedies, policy contests and contract performance
-
Regulation of product disclosure and illustration
-
Group insurance, health insurance and annuity contracts
-
Products and features including retirement products provided by HK Mortgagee Corporation Ltd
Entry Requirements:
- Five HKDSE subjects at Level 2 or above, including English and Chinese Languages with 2 or more years relevant full-time work experience; or
- Five HKCEE subjects at Grade E/Level 2 or above, including English* and Chinese Languages with 3 or more years relevant full-time work experience; or
- Completion of a QF Level 3 programme that is deemed acceptable to the respective Programme Committee; or
- Relevant Recognition of Prior Learning (RPL) qualification(s) at QF Level 3 or above AND a pass in an admission interview; or
- Other relevant verifiable prior learning and/or work experience that is/are deemed appropriate by respective Programme Committee AND a pass in an admission interview.
[* Applicants who took HKCEE English Language in 2006 or before should have attained Grade E or above (Syllabus B) / Grade C or above (Syllabus A)]
[Entry requirements for mature applicants are: Aged 23 years old or above with at least 2 years of relevant full-time work experience subject to a satisfactory admission interview.]
Continuing Education Fund
The modules of “Professional Diploma in Insurance” (PDI) have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes (https://www.wfsfaa.gov.hk/cef). The mother course “Professional Diploma in Insurance” of the modules is recognised under the Qualifications Framework (QF Level 4).
For the modules commenced on or before 31 March 2022 (the 1st module should be commenced on or before the date), CEF claimants would be eligible for fee reimbursement upon their successful completion of any 4 modules selected from PDI (CEF Course Code: 33F11053A), with the fulfilment of both the minimum attendance requirement of 70% AND passing each of the 4 modules at 50% or above.
For the modules commenced on or after 16 August 2022, CEF claimants would be eligible for fee reimbursement upon their successful completion of any one module selected from PDI with the following CEF course codes, with the fulfilment of both the minimum attendance requirement of 70% AND passing the module at 50% or above.
| CEF course code (for the modules commenced after 16 August 2022) | CEF Course Title in English (for the modules commenced after 16 August 2022) |
| 33Z139360 | Legal Aspect of Life Insurance (Module from Professional Diploma in Insurance) |
| 780I2 | PDI - Insurance Organization Operations | Module Certificate |
|
| 781I2 | PDI - Liability Insurance | Module Certificate |
|
| 782I2 | PDI - Marine and Aviation Insurance | Module Certificate |
|
| 783I2 | PDI - Personal Investment and Financial Services | Module Certificate |
|
| 784I2 | PDI - Financial Planning | Module Certificate |
|
| 785I2 | PDI - Business Financial Planning | Module Certificate |
|
| 791I2 | PDI - Insurance Principle and Practice | Module Certificate |
|
| 792I2 | PDI - Insurance Underwriting and Claims | Module Certificate |
|
| 793I2 | PDI - Legal Aspect of General Insurance | Module Certificate |
|
| 794I2 | PDI - Property Insurance | Module Certificate |
|
| 795I2 | PDI - Motor Insurance | Module Certificate |
|
| 796I2 | PDI - Life and Health Insurance | Module Certificate |
|
| 797I2 | PDI - Life Insurance Underwriting and Claims | Module Certificate |
|
| 798I2 | PDI - Legal Aspect of Life Insurance | Module Certificate |
|