C11: Principles and Practice of Insurance

Please note that the final examination for this course is a computer-based exam.

Principles and Practice of Insurance is an overview of insurance in Canada and the initial building block of your Chartered Insurance Professional studies. It must be one of the first four courses you take in the CIP Program and CIP certification, but we highly recommend that you take this insurance foundations course first.

Principles and Practice of Insurance covers the following areas of interest:

  • The concept of risk, and how insurance is a mechanism to transfer risk and benefit society
  • The key insurance industry functions of selling/distributing insurance, underwriting insurance policies, adjusting losses, and reinsuring risk
  • The elements needed to form an insurance contract
  • The regulation of insurance in Canada, including regulation of policy wordings, licensing of insurance professionals, ethical/professionalism considerations for insurance professionals, and the role of insurance industry organizations

Course Outline

  • Introduction to Risk and Insurance
  • Insurance Categories and Functions
  • Insurance Companies
  • Sales and Distribution of Insurance
  • Regulatory Framework
  • Insurance as a Contract: The Insurance Policy
  • Underwriting and Rating: Setting Insurance Rates
  • Insurance Documents and Processes
  • Claims
  • Industry Organizations; the Customer

 

Who Should Register

Principles and Practice of Insurance is the stepping stone to the CIP Program. It is suited for students who are new to careers in insurance, students who are looking to start a career in insurance, and students who already have some experience in an insurance career and are looking to further their education about insurance.

All insurance courses offered by The Insurance Institute are designed for individuals who want to attain a highly recognized and respected professional designation in the p&c industry. The professional designation Chartered Insurance Professional (CIP) is recognized across Canada and elsewhere around the world as the benchmark of insurance professionalism.

Principles and Practice of Insurance Exemptions

With a completed provincial agent/broker license, you may be eligible for a credit for C11. Learn more about credits in the CIP Program.

Course Offerings

Distance Learning

Name Start Date End Date Method  
C11: Principles and Practice of Insurance/C11 : Principes et pratique de l’assurance 1/1/2020 3/31/2020 Independent Study


In-Class and Virtual Learning

Name Location Start Date End Date Class Time Delivery Method  
C11: Principles and Practice of Insurance (Monday) Online-Edmonton 1/13/2020 3/23/2020 6:00 - 9:00 p.m. MST Virtual
C11: Principles and Practice of Insurance (Mondays) Online - Calgary 1/13/2020 3/23/2020 6 - 9 p.m. MST Virtual
C11 Principes et pratique de l'assurance IADQ - WEB 1/13/2020 1/31/2020 18h30 à 21h30 Est Internet
C11 Principles & Practice of Insurance (Tuesdays) Halifax 1/14/2020 3/31/2020 6:00 pm ATL Virtual
C11 Principles & Practice of Insurance (Tuesday) Online - Charlottetown 1/14/2020 3/31/2020 6:00 pm ATL Virtual
C11: Principles and Practice of Insurance (Tuesday) Waterloo 1/14/2020 3/24/2020 5:00 pm to 8:00 pm Classroom
C11 Principles & Practice of Insurance (Tuesdays) St. John's 1/14/2020 3/24/2020 6:30 p.m NL Virtual
C11: Principles and Practices of Insurance (Evening) Regina 1/14/2020 3/24/2020 5:30 - 8:45 p.m. MST Classroom
C11: Principles and Practice of Insurance (Tuesday) Online - BC 1/14/2020 3/24/2020 6 - 9 p.m. PST Virtual
C11: Principles and Practice of Insurance (Tuesday) Kitchener 1/14/2020 3/24/2020 6 - 9 p.m EST Classroom
C11: Principles and Practice of Insurance (Evening) Winnipeg 1/14/2020 3/24/2020 5:30 - 8:30 p.m. CST Virtual
C11: Principles and Practice of Insurance (Tuesday) Toronto 1/14/2020 3/24/2020 5:30 - 8:30 p.m. EST Classroom
C11: Principles and Practice of Insurance (Tuesday) Online - ON 1/14/2020 3/24/2020 6 - 9 p.m. EST Virtual
C11: Principles and Practice of Insurance (Wednesday) Online - ON 1/15/2020 3/25/2020 6:15 - 9:15 p.m. EST Virtual
C11: Principles & Practice of Insurance (Evening) Hamilton 1/15/2020 4/1/2020 6 - 9 p.m. EST Classroom
C11: Principles and Practice of Insurance (Thursday) Online - ON 1/16/2020 3/26/2020 6:00 - 9:00 p.m. EST Virtual
C11: Principles and Practices of Insurance (Evening) Saskatoon 1/17/2020 3/27/2020 5:30 - 8:45 p.m. MST Classroom
C11: Principles and Practice of Insurance (Virtual-Evening) Moncton-Online 1/22/2020 3/27/2020 5:30- 8:30 p.m AST Virtual
C11: Principles and Practice of Insurance (Weekend) Kitchener 2/28/2020 3/15/2020 See Class Details Classroom
C11: Principles and Practice of Insurance (Weekend) Calgary 2/29/2020 3/15/2020 See class details Classroom
C11: Principles and Practice of Insurance (Weekend) New Westminster 3/7/2020 3/28/2020 8:30 - 4:30 p.m. PST Classroom