|
|
|
|
|
|
|
ASSOCIATESHIP
ASSOCIATESHIP
INSTITUTE OF LOSS ADJUSTERS OF NIGERIA EXAMINATIONS STRUCTURE APPROVED BY COUNCIL
PREAMBLES1. Loss Adjusters are about the most technically oriented professionals serving the Insurance industry due to the nature of their responsibilities. The Standards of the Professional Examinations should not be lower than those of other Professional bodies (i.e. Legal, Accountancy, etc.) 2. Loss Adjusting is a serious Profession and should not be opened to all those who do not have adequate academic and practical know-how. 3. In effect the Profession should not be made a dumping ground for those who do not succeed in other Professions. 4. In order to establish a high standard to be recognized internationally, the Examinations being proposed compare favorably with those of the CHARTERED INSTITUTE OF LOSS ADJUSTERS OF THE UNITED KINGDOM. 5. Considerations are given in the Examinations syllabus to the adjustment of OIL and GAS claims to enable such adjustments hitherto carried out by Overseas Adjusters to be done locally. 1. THE EXAMINATIONS REGULATIONS
a. A person shall be eligible for enrolment as an Ordinary member provided he has attained the age of 21 years (Twenty-One years) and satisfied the council that he is serving as an Employee in any member – Firm.
b. To enter for the Institute Examinations, Candidate must enroll at least Six (6) months before they sit for the examinations.
2. CRITERIA FOR ENTRY TO EXAMINATIONS
a. No candidate may enter for the examination unless he has been admitted by the Institute as a student member.
b. A student member may not be allowed to present himself for the Examinations unless he has completed at least two years service in practice as an employee with a Corporate member – firm of ILAN, and he has completed one of the qualifying examinations as follows: i B. Sc Insurance OR HND Insurance from a recognized Institution of learning with at least two years of consistent working experience with a registered firm of Loss Adjusters in Nigeria.
ii. Associateship of : Chartered Insurance Institute of Nigeria (CIIN) OR The Chartered Insurance Institute of London (CII) OR Held any other relevant qualifications approved by Council. OR Alternatively has obtained one of the following professional qualifications: Associateship of:Nigeria Institute of Architects Nigeria Institute of Chemical Engineers Nigeria Institute of Civil Engineers Nigeria Institute of Structural Engineers Nigeria Institute of Valuers & Estate Surveyors Nigeria Institute of Quantity Surveyors. Institute of Chartered Accountants of Nigeria Chartered Institute of Bankers of Nigeria Legal Practitioner, being a fully qualified Solicitor or a Member of the Bar or Equivalent Professional qualifications from Overseas Bodies Such as: Royal Institutes Chartered Surveyors Royal Institutes of British Architects Chartered Institute of Accountants of England, Scotland and Wales. Incorporated Society of Valuers and Auctioneers Chartered Institute of Engineers. OR Holds any other Professional qualifications approved by the council.REGISTRATION It is not only members of the Institute of Loss Adjusters of Nigeria that can take the examinations but it is advantageous to become a member. It is only a member who can become an AILAN (Associate of Loss Adjusters of Nigeria) after successfully completing the examinations. However, only people who are wholly or mainly working in Insurance or are full time students of Insurance in Institutions of Higher Learning can become members. (b) Those who want to apply for membership should obtain the appropriate form ILAN/01 from the Institute’s Secretariat. Anybody who wants to sit for the institute’s examinations will be required to obtain and complete Form ILAN/02 which deals with student registration. In order words before entering for ILAN’s examinations you must register as an examination student. It is a once and for all exercise. (c) Registration is a completely separate from examination entry and should not be confused with membership of the ILAN (though, you can become a member and still register as an examination student). (d) Candidates who wish to register as examination students must return their completed application forms for registration to reach the ILAN by January Ending for April diets, while August Ending is for October diets. (e) In order to register, please obtain Form ILAN/02, complete and return it to the Directorate of Examinations, ILAN, ……………………………………………………………………… Lagos. Enclosing all relevant certificates and any documentary evidence required by ILAN to support your application for Registration as an examination student. (f) Exemptions: Those who wish to apply for exemptions should do so at the same time as they register as examination students. (g) Applicants who have met ILAN’s general education requirements for entry will be informed. Those who do not meet the requirements will not be registered as examination students and their registration fees, if any, will be refunded. (h) Please note that only those who have been registered as examination students can enter for the examinations.
EXAMINATION ENTRY PROCEDURES (a) Applicants whose registration as students is accepted will be sent, along with the letter informing them that they have been registered, their Registration Numbers and an Examination entry form. (b) The entry form and the correct fees for each subject entered and for each exemption granted must be forwarded to reach the ILAN latest by Entries received after this date WILL NOT be accepted in any circumstance. (c) After the examination entry form has been processed, if it is incorrect in any way, it will be returned to the applicant with instructions on what action to take. If it is correct, the acknowledgement postcard will be sent provided it has been filled and return with the entry form. (d) Changes of
Centre: (e) Subject Changes and Withdrawals:
(f) A copy of the time – table, candidate’s instructions and an admission permit will be sent out early in, to every candidate. If these documents are not received by, candidates should inform the ILAN, giving their examination number and the centre at which they wish to sit. (g) Examination Malpractices: The Council of ILAN will take disciplinary action against any examination students or candidate found guilty of dishonourable or unprofessional conduct or committing a breach of the examination regulations. Penalties will be imposed for falsification of documents or cheating during examinations. (h) Liability of ILAN: If for reasons outside its control, the ILAN finds it impossible to hold any of its schedule examinations, or if a candidate’s is limited to a complete refund of the examination fee paid in respect of the examination. (i) The examination results will be sent to candidates as soon as they are available. This is expected to be about January ending for October diet, while April diet will be July ending. The decision of the Institute in every case is final and it will accept no requests for remarking the papers. In no circumstances will any answer books be returned to candidates.
ENTRY STANDARDS AND EXEMPTIONS (a) To qualify to enter for the examinations, candidates must have passed the West African School or GCE Ordinary level examinations with credits in 5 subjects including English Language and Mathematics at not more than two sittings. (b) Holders of Higher National Diploma, other professional qualifications and University degrees from Institutions recognized by the institute may be granted exemptions from some subjects as approved by Governing Council. (c) The ILAN will accept, as evidence of stated qualifications only photocopies of original certificates that have been certified. Certification in Lagos should be by any Director General of the Institute. In the Institute’s Centres outside Lagos, certification should be by any two of the following officers of the centre Chairman, Secretary and Education Secretary. Such certification is to the effect that both original and photocopy have been inspected by those concerned, that the original is a genuine document which has been altered or defaced in any way, and the photocopy is a true and unaltered representation of the original. Uncertified photocopies will not be accepted. The same applies to evidences relating to changes in names (e.g. by marriage) if such names are different from those shown on certificates.
THE EXAMINATION REGULATIONS (a) Enrolment:
(b) Entry for the Examinations:
(c) Changes to Examination Entry:
Changes of examination center, or of subjects to be taken, can only be accepted if there is space available at a center, and then only if the change is received in writing at the Institute at least six weeks before the date of the exam. (d) Limitation:
(e) Date of Examinations:
(f) Law and Practice:
Candidates must display an up-to-date knowledge of law and practice. However, they will not be examined on changes, which come into effect after 31 March in the year of the examination. Where a question arises on a topic affected by such a change the answer may be based on either the old or new position and equal credit will be given in either case. (g) Results:
D = Distinction (75% - 100% of the maximum marks) P = Pass (60% - 74% of the maximum marks) X = Fail (50% - 59% of the maximum marks) Y = Fail (40% - 49% of the maximum marks) Z = Fail (0% - 39% of the maximum marks) The decisions of the Council on the Examination results are final. (h) Liability of
the institute: (i) Election to Licentiateship, Associateship, and Fellowship: Candidates seeking admission as Licentiates, Associates, or Fellows of the Institute must comply with the regulations as laid down in the Charter or have been granted dispensation by Council under the terms of the EC Directive on Mutual Recognition.
TUITION Past examination papers and, where possible, examiners’ comments on previous years’ scripts are available from the Institute. Reading lists are published for each subject.
PRIZES At the discretion of the Council: v The Institute Prize will be awarded to the candidate who, in the opinion of the Council of the Institute, achieves the most meritorious result when completing the Associateship. v The Council may make the awards at their discretion and may withhold the prizes in any years when the standard of entries does not merit recognition. ASSOCIATESHIP EXAMINATION No candidate may enter for the Associateship Examination unless he has been admitted by the Institute as an Ordinary Member. Ordinary Membership is open to persons engaged as Independent Loss Adjusters in Loss Adjusting Firm of Company.EXAMINATION ENTRY To enter the examinations an Ordinary Member must have completed two years in practice as a Loss Adjuster as defined in the Institute’s Charter, and must also have attained one of the following professional qualifications:Associate or Fellow of the Chartered Insurance Institute, Australian Insurance institute, New Zealand Insurance institute, Malaysian Insurance Institute. Associate or Fellow of the Royal Institution of Chartered Surveyors Corporate Member of the Royal Institute of British Architects.Associate or Fellow of any of the Chartered Institutes of Accountants Member of any of the Engineering Institutes carrying the entitlement “Chartered Engineer” Solicitor or Member of the Bar Associate of the Incorporated Society of Valuers & Auctioneers Associate of the Institute of Risk Management Fellow of the Society of Claims Technicians Any other professional qualification of similar status approved by the Council.
ELECTION TO ASSOCIATESHIP A person shall be eligible for admission as an Associatership of the Institute if he has:- (a) passed the Examination; and (b) attained the age of 25 years; and
(c) (i) shown that he has at least 5 years’ experience as an (ii) shown that he has at least 3 years’ experience as an Independent Loss Adjuster and has qualified as a Fellow of the Chartered Insurance Institute, or as a Fellow or Professional Associate of the Royal Institution of Chartered Surveyors, or a Corporate Member of the Royal Institute of British Architects, or as a Fellow or Associate of the Institute of Chartered Accountants of England and Wales, or is a Member of the Institute of Chartered Accountants of Scotland or is a fully qualified Solicitor, or holds any other professional or academic qualifications of a similar status approved by the Council.
EXAM MENU Candidates will be required to pass or establish credits in all three Core Papers together with one Report Writing Paper and one Specialist Paper i.e. a total of Five Papers. Core Papers: 3Hrs 30Mins C1 - The Principles of Insurance C2 - Application of the Principles of Insurance C3 - Adjustment of Claims
Report Writing Papers: 3Hrs 30Mins R1 - Property Claims R2 - Building Claims R3 - Business Interruption Claims R4 - Theft Claims R5 - Public Liability and Product Liability Claims R6 - Contractors All Risks ( Material Damage) Claims R7 - Marine and Aviation Claims R8 - Oil and Gas Claims
Specialist Papers: 3Hrs S1 - Building Claims S2 - Business Interruption Claims S3 - Theft Claims S4 - Public Liability and Product Liability Claims S5 - Contractors All Risks (Material Damage) Claims S6 - Marine and Aviation Claims S7 - Oil and Gas Claims The format of the Specialist Paper will comprise One Compulsory question set in the form of a case study which will attract 80 marks and Five further questions from which four must be selected; these questions will attract equal marks of 30 each. The marks required for a pass in any Paper of the Examination will be 60% of the maximum marks. A candidate who achieves 75% or more of the maximum marks in any Paper will be regarded as having passed that paper with Distinction. A candidate who passed all Five Papers of the Examination with not less than 70% of the maximum marks in each Paper and obtains not less than an average of 75% of the maximum marks for the whole Examination will be regarded as having passed with Distinction. Candidates should note that the Core Papers are not Introductory Subjects. Candidates will be examined on these subjects at the same level as the Report Writing and Specialist Papers which are of equal parity.
SYLLABUSES The topics of the syllabuses have been set into two categories which require different levels of knowledge. The categories and the respective levels of knowledge are: 1 Thoroughly Understand: This requires an in depth knowledge of the topic including up to date law and the ability to demonstrate the application of the knowledge across a wide range of circumstances. 2 Understand:
This requires an overall knowledge of the facts of the topic and sufficient knowledge to enable reasoned argument to be presented on the subject.
General Where a question arises on a topic affected by such a change the answer may be based on either the old or new position and equal credit will be given in either case. Candidates are reminded that the purpose of the examinations is to test skills and knowledge of all the syllabuses. Candidates should note therefore that the Report Writing and Specialist Papers will be set on the basis that candidates are fully conversant with the syllabuses of Papers C1, C2 and C3. Similarly, the examination for Paper C2 will be set on the basis that candidates are fully conversant with the syllabus of Paper C1 and the examination for Paper C3 will be set on the basis that candidates are fully conversant with the syllabuses of Papers C1 and C2.
CORE PAPERS Paper C1 ----- The Principles of Insurance 1 Thoroughly Understand: i. Utmost Good Faith, Insurable Interest, Proximate Cause, Indemnity, Contribution, Subrogation, ii. Legal Principles relating to transfer of Ownership of Real Property and Goods. 2 Understand: i. Claims procedures including onus of proof, acceptance forms; forms of discharge; assignment; mandate. ii. Law of Contract, Bailment, Negligence, Nuisance, Strict Liability, the rule in Rylands v Fletcher, Statutory duty. iii. The following legislation Fire Prevention (Metropolis) Act 1774 Hotel Proprietor Act 1956 Rehabilitation of Offenders Act 1974 Unfair
Contract Terms Act 1977 Third Parties (Rights against Insurers) Act 1930 Water
Industry Act 1991 Sale of Goods
Act 1979 Law of
Property Act 1925 Paper C2 ----- Application of the Principles of Insurance 1 Thoroughly Understand: i. Adjustment of claims under the following Association of British Insurers recommended policy wording: (a) Standard Fire Policy (Material Damage) October 1989 version (b) Standard “All Risks” Policy (Material Damage) July 1996 version (c) Special Perils July 1996 wording and (d) Lloyd’s Fire Policy Forms ‘C’ and “N1 – Home’ (including attachable conditions) (Questions will be related to the basic format of the policy documents i.e. without additional extension clauses.) ii. Fire and Security plans and reports iii. Common warranties in fire and theft policies iv. Special perils extensions including sprinkler leakage v. The principle of Contribution and the Association of British Insurers Rules on Contribution vi. The Principle of Subrogation
2 Understand: i. Stock Declaration Insurance, First Loss policies; Blanket policies; Excess; Deductible, Franchise, Policy Limits and Average Conditions ii. Procedures in relation to investigation of Loss statements; onus of proof, salvage, protection and extinguishments expenses. iii. Arbitration iv. The following
legislation:
Rehabilitation of Offenders Act
1974
Sales of Goods Act 1979
Supply of Goods and Services Act
1982
Unfair Contract Terms Act 1977
Water Industry Act 1991
Sale and Supply of Goods Act 1994
Police and Criminal Evidence Act 1984
Public Order Act 1986
Riot Damages Act 1886 Third Parties (Rights against Insurers) Act 1930 (Candidates are reminded that they should also be fully conversant with the syllabus of C1.)
Paper C3 ----- Adjustment of Claims 1 Thoroughly Understand:
i. Adjustment of claims under the following Association of British Insurers recommended policy wording:
(a) Standard Fire Policy (Material Damage) October 1989 version (b) Standard “All Risks” Policy (Material Damage) July 1996 version (c) Special Perils July 1996 wording and (d) Lloyd’s Fire Policy Forms ‘C’ and “N1 – Home’ (including attachable conditions) together with Association of British Insurers recommended wordings for Reinstatement Memorandum, Day One Reinstatement Memorandum, Public Authorities’ Clauses, Contract Price Clause, Professional Fees Clause, Debris Removal Clauses and Appreciation in Value Clause (Escalator).
ii. Insurance indemnity valuation of buildings, machinery and plant; fixtures and fitting; tenants improvements; raw materials; manufacturers work in progress and finished stock; wholesale and retail stock.
iii. Stock Reconciliation.
2 Understand:
i. Adjustment of claims under the Association of British Insurers Standard Fire Policy (Business Interruption) incorporating a Gross Profit (Sum Insured) Turnover Specification (July 1996 version) with no extensions or additional clauses.
ii. Claims under material damage insurance policies arranged in accordance with Joint Contract Tribunal Form of Contract (Minor Works) and subsequent amendments up to 31 March 1999.
(Candidates are reminded that they should also be fully conversant with the syllabuses of C1 and C2.)
REPORT WRITING PAPERS Paper R1 --- Property Claims Candidates will be given a Case Study covering any form of Material Damage Claim involving Contents, Stock, Plan, or Machinery falling within the scope of the Syllabuses for Papers C2 and C3 from which they will be required to prepare a Final Report to Insurers. The report will be required to follow the format recommended by the Association of British Insurers (Property Committee) and will be assumed to be required by an Insurer who requires a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report.
Candidates will be given a Case Study covering any form of Buildings Claim falling within the scope of the Syllabus for Paper S1 from which they will be required to prepare a Final Report to Insurers. The report will be required to follow the format recommended by the Association of British Insurers (Property Committee) and will be assumed to be required by an Insurer who requires a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report. Paper R3 --- Business Interruption Claims Candidates will be given a Case Study covering any form of Business Interruption Claim falling within the scope of the Syllabus of Paper S2 from which they will be required to prepare a Final Report to Insurers. The report will be required to follow the format recommended by the Association of British Insurers (Property Committee) and will be assumed to be required by an Insurer who requires a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report. Paper R4 --- Theft Claims Candidates will be given a Case Study covering any form of Theft Claim falling within the scope of the syllabus of Paper S3 from which they will be required to prepare a Final Report to Insurers who require a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report. Paper R5 --- Public and Product Liability Claims Candidates will be given a Case Study covering any form of Public or Product Liability Claim falling within the scope of the syllabus of Paper S4 from which they will be required to prepare a Final Report to Insurers who require a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report. Paper R6 --- Contractors All Risks (Material Damage) Claims Candidates will be given a Case Study covering any form of Contractors All Risks (Material Damage) Claim falling within the scope of the syllabus of Paper S5 from which they will be required to prepare a Final Report to Insurers who require a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report Paper R7 --- Marine & Aviation Claims Candidates will be given a Case Study covering any form of Marine and Aviation (Material Damage/Liability) Claim falling within the scope of the syllabus of Paper S6 from which they will be required to prepare a Final Report to Insurers who require a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report Paper R8 ---- Oil & Gas Claims Candidates will be given a Case Study covering any form of Oil & Gas (Material Damage/Liability) Claim falling within the scope of the syllabus of Paper S7 from which they will be required to prepare a Final Report to Insurers who require a Final Report with full information to be given under all headings whether there has or has not been a change from information given in previous report
SPECIALIST PAPERS Paper S1 --- Building Claims
1 Thoroughly Understand:
i. Adjustment of Building Claims made under the Association of British Insurers Standard Fire Policy (Material Damage)[October 1989] and the Lloyd’s Standard Fire Policy Forms ‘C’ and ‘N – Home’ (including Attachable Conditions)
ii. Common Warranties, Exclusions and extensions of Building Policies for fire and special perils in respect of commercial risks including Association of British Insurers recommended wordings for Reinstatement Memorandum, Public Authorities’ Clauses, Debris Removal Clauses, Professional Fees Clause and Increase in Value Clause (Escalator) iii. The preparation and pricing of Bills of Quantities including Preliminaries. iv. Taking off and pricing quantities from a plan. v. Claims under insurance policies arranged in accordance with Clause 22 (A) (B) (C) of the Joint Contract Tribunal Form of Contract (Private with Quantities) 1980 with all subsequent amendments up to 31 march 1999. Note 1 The metric system should be used. Note 2 The Standard Method of Measurement need not be followed.
2 Understand:
i. Basic building construction and repair techniques including drainage, plumbing, heating, ventilation and electrical services.
ii. Soil Mechanics and appropriate foundations for domestic property (including ‘pile’ foundations)
Paper S2 --- Business Interruption Claims 1 Thoroughly Understand: i. The adjustment of claims made under the Association of British Insurers Standard Fire Policy (Business Interruption) incorporating Turnover Specifications (July 1996 version) (a) ‘Gross Profit’ wording – Sum Insured Basis (b) ‘Gross Profit’ wording – Declaration-link Basis ii. Association of British Insurers recommended extension wording. iii. Additional Increase in Cost of Working. iv. Loss of Attraction. v. Payments on Account. 2 Understand: i. Policies written for Advance profits; Engineering; Output, Gross Revenue and Gross Fees Specifications. ii. Financial Accounts (including Balance Sheets), Management Accounts. iii. Budgetary and Standard Costing; Variance analysis
Paper S3 --- Theft Claims 1 Thoroughly Understand: i. Adjustment of claims under typical UK policies for commercial and domestic risks issued by companies and Lloyd’s form DW (81) in respect of the risks of burglary and theft. 2 Understand: i. Adjustment of claims under typical UK policies in respect of Domestic All Risks, Money, Travel. ii. Insurance Indemnity valuation of manufacturers finished stock and work in progress, wholesale and retail stock. iii. Insurance Indemnity valuation of household goods and personal effects including, jewellery, furs, gold and silver articles, objects d’art, paintings and antiques. iv. Security and protection systems for commercial and domestic risks including locks and safes. v. Relationships with Police and other Public Authorities.
vi. Theft Act 1968
Theft Act 1978 ss 2, 3 and 5 Theft (Amendment) Act 1996 Data Protection Act 1998
1 Thoroughly Understand: i. Adjustment of Claims under Typical UK Public Liability; Product Liability; Property Owners Liability Policies including extensions for Financial Loss and clauses in respect of ‘part products’ cover together with Public Liability sections of composite and package policies. 2 Understand: i. Legal liability for environmental pollution ii. Quantum of Damage. iii. Law of Contract. iv. Law of Tort. v. Statutory liability, strict liability, Rule in Rylands v Fletcher, vicarious liability and economic loss. vi. Liabilities to third parties of owners and/or occupiers of land and buildings, public authorities and minors (including liabilities on behalf of minors). Note: Questions concerning personal injury and fatal accident claims will not be set.
Paper S5 --- Contractors All Risks (Material Damage) Claims 1 Thoroughly Understand: i. The Adjustment of Claims for Material Damage made under a typical Contractors All Risks Policy issued in UK covering the permanent works and materials for incorporation therein, temporary works, temporary building and contents constructional plant and equipment, and employees tools and effects. ii. Insurance and Indemnity clauses of the Standard Forms of Contract listed below. iii. Subrogation. iv. Partial handover, practical completion, interim certificates, liquidated damage, defective workmanship, defective design and defective materials. 2 Understand: i. The contractual and common law relationships between Employer, Consultants, Contractors and sub contractors with particular reference to the standard forms of contract listed below. ii. Site procedures and practices including site records.
v Joint Contracts Tribunal All the current editions of contracts including the Standard Form, Minor Works, Intermediate Forms, and Sub-Contracts. v Department for Environment, Food & Rural Affairs (DEFRA) GC/Works/1 (Current Edition) v Institution of Civil Engineers Standard form of Contract (Current Edition) v Institution of Mechanical Engineers, Institution of Electrical Engineers, and Institute of Chemical Engineers. The current, main and sub-contracts issued by the above v Contractors Plant Association, and the Hire association of Europe Conditions of Plant Hire.
Paper S6 ----- Marine & Aviation Claims Paper S7 ----- Oil & Gas Claims |
Send mail to the
webmaster@nigeriailan.org with
questions or comments about this web site.
|
