PDI - Motor Insurance
Tel: 2919 1402
Email: simonyip@vtc.edu.hk
Ms. Yanni Fan (Programme Secretary)
Tel: 2836 1374
Email: fan.ms@vtc.edu.hk Fax: 2891 5707
Learning Outcomes
On completion of the module, students are expected to be able to:
- outline and assess the principal factors involved in the assessment of motor risks according to different types of motor and/or business activities;
- define and analyze the scope and the process in constructing principal motor insurance contracts according to the nature of business and the need of the client; and
- interpret and perform tasks on insurance matters independently including quotation, portfolio performance of underwriting, suggestion of negotiation strategies, and review performance of claims of the principal motor insurance contracts according to requirements of the insured and the insurer under different factors of consideration including compulsory insurance requirement or Motor Insurance Bureau.
Learning Contents
- Relevant motor legislation
- Motor Vehicles Insurance (Third Party Risks) Ordinance (Cap. 272)
- The Traffic Accident Victims Assistance Scheme (i.e. TAVAS)
- Policy cover and documentation, risk evaluation, rating quotation, underwriting management and renewal, policy wording, exclusions and extensions
- Private car insurance
- Commercial vehicles including fleet rating
- Motor cycle
- Motor trade
- Claims principles and procedures and management
- Compulsory insurance requirements, Motor Insurers Bureau, etc.
- Claims settling agreements and Market Practice
- Knock-for-Knock agreement
- Motor Insurers Bureau of Hong Kong (i.e. MIB)
Entry Requirements:
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Five HKDSE subjects at Level 2 or above, including English Language and Chinese Language with 2 or more years’ relevant full-time work experience; OR
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Five HKCEE subjects at Grade E / Level 2 or above, including English Language** and Chinese Language with 3 or more years’ relevant full-time work experience; OR
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Equivalent
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Mature applicants, i.e. those aged 23 or above, with 2 or more years of relevant full-time work experience may also be accepted subject to a satisfactory admission interview.
** HKCEE English Language taken in 2006 or before should be at Grade E orabove (Syllabus B) / Grade C or above (Syllabus A)
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 50% or above of the overall mark for each of the 4 modules.
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 50% or above of the overall mark for each module.
| CEF course code (for the modules commenced after 16 August 2022) | CEF Course Title in English (for the modules commenced after 16 August 2022)
|
| 33Z139336 | Motor Insurance (Module from Professional Diploma in Insurance) |
| Course Code | Programme | Level | |
|---|---|---|---|
| 791I2 | PDI - Insurance Principle and Practice | Module Certificate | |
| 792I2 | PDI - Insurance Underwriting and Claims | Module Certificate | |