PDI - Legal Framework for Insurance Contract (此课程内容只提供英文版本)
Tel: 2836 1863
Email: johntsang@vtc.edu.hk Ms. Ivy Chan (Programme Secretary) Tel: 3974 3663 Email: ivychan@vtc.edu.hk Fax: 2891 5707
(此课程内容只提供英文版本)
Learning Outcomes
On completion of the module, students are expected to be able to:
- identify the differences in the legal system relating to insurance between Hong Kong SAR and the People’s Republic of China;
- propose solutions disputes in policy arrangement and claims according to the principles and concepts of insurance contract and legal framework; and
- advise on the legal consequences for insurance and financial services activities by applying legal regulatory principles and ordinances relating to insurance and financial services.
Learning Contents
- Legal System
- The Hong Kong SAR Legal System Relating to Insurance
- Categories of the law
- Hong Kong legal machine
- Sources of law in Hong Kong
- Interpretation of legislation
- Introduction to the PRC Legal System Relating to Insurance
- Nature of the legal system in the PRC
- Hierarchy of Chinese law
- Judicial system and institutions
- Introduction to the PRC Insurance law
- UK Insurance Act 2015 and Consumer Insurance (Disclosure and Representations) Act 2012
- General Principles of the Insurance Contract
- Insurable interests
- Utmost good faith
- Conditions and warranties
- Void and illegal insurances
- Proof of loss
- Measuring the loss
- Legal Framework relating to insurance and financial services
- Trust/ Will/ Estate
- Bribery and Money Laundering
- Security and transactions and financing
- Regulatory framework for insurance & financial services relating to companies and intermediaries
- Insurance Ordinance
- Personal Data (Privacy) Ordinance
- Anti-Discrimination Legislation
- Competition Ordinance
- Other relevant legislation
(此课程内容只提供英文版本)
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.
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)
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| 33Z139379 | Legal Framework for Insurance Contract (Module from Professional Diploma in Insurance) |