London market qualifications – recognition in CII framework Qualification Credit value in CII qualification framework Equivalent to CII units (Important note: where the CII units listed below are passed or already held additional credits will not be awarded in respect of the London market exams unless specifically stated otherwise)
A CENTURY OF
Additional credits/units required to complete the CII Certificate in Insurance (minimum 40 credits to complete) (Credits from London market qualifications can also be used to complete other qualifications in the CII framework)
CII Award in London Market Insurance (ALMI)
25 Certificate credits • Unit (LM1) London market insurance essentials = 10 credits • Unit (LM2) London market insurance principles and practices = 15 credits
The following units are treated as equivalent to (LM1) London market insurance essentials: Current unit Certificate unit (IF1) Insurance, legal and regulatory Withdrawn unit Diploma unit (P01) Insurance practice and regulation Where a pass in one or both of the above units are held and unit (LM2) London market insurance principles and practices is passed, an additional 15 credits will be awarded Current unit(s) (LM1) London market insurance essentials (IF1) Insurance, legal and regulatory Withdrawn unit (P01) Insurance practice and regulation
Minimum of 15 credits obtained by passing any unit in the CII insurance qualification framework (with the exception of unit IF1 shown opposite). The Certificate compulsory unit requirement is met through holding ALMI.
15 Certificate credits Level 3 Lloyd’s (this will be displayed on the & London Market Introductory Test (LLMIT) CII Learning Statements as a (registered with the QCF as BTEC Level 3 Award in Lloyd’s & London Market Insurance): awarded post July 2010 Important: See the note below for details of transitional recognition of prior learning arrangements affecting LLMIT (BTEC) holders...