The Association’s examinations are open to all who wish to take them, provided they have a bona fide interest in marine insurance or the marine industry in general.
The examinations required for the categories of membership are as follows:
ASSOCIATE
Module 1:
The Marine Insurance Act 1906 and related principles of insurance.
Module 2:
Hull and Cargo claims.
These modules can be taken in any order and the pass mark is 60% per paper with a distinction being awarded for 80%. The papers are of 2½ hours duration. Specimen papers and a list of topics for each examination are now available for downloading from this page. Roughly 75% of the Module 2 will be related to Hull and Machinery claims, with the emphasis on the standard clauses and claims for damage repairs; only an outline knowledge of general average is required.
Copies of the papers set for Modules 1 & 2 in April 2008 can be downloaded from this page; other sample questions may also be downloaded.
The Examination Handbook is in the process of being updated and will provide further guidance in the near future.
FELLOW
Module 3:
General Average, Salvage and Carriage of Goods by Sea
Module 4:
Hull Claims
Module 5:
Collision liabilities, ancillary insurances on ships, cargo claims
Module 6:
Practical Adjustments
These modules require a detailed knowledge of their subjects and the pass mark is 75%. The papers for Modules 3, 4, and 5 are of 3 hours duration. The Practical Adjustment paper lasts 5 hours and texts of the York Antwerp Rules and standard clauses etc are provided.
Modules 4 and 5 cover wholly or in part elements of module 2, but at a more advanced level. Modules 1 and 2 may be sat in April and October of each year (as from 2008).
Further information can be obtained form the Convenor of the Examination Committee:
David Pannell [pannellandcompany@hotmail.com]
EXAMINATIONS 2008
The examinations of the Association of Average Adjusters (Modules 1 & 2) will be held in October 2008.
Dates
Candidates will be able to sit Modules 1 and 2 (Associateship) on Thursday 23rd October 2008
Exam Venues
Arrangements will be made for candidates based in the UK to sit the examinations in London. Arrangements can also be made for overseas candidates to sit the examinations in major cities around the world.
Fees
The fees for the examinations will be as follows:
Candidates sitting the examinations in the UK: GBP 125.00 per Module (plus VAT).
Candidates sitting the examinations in overseas centres: GBP 150.00 per Module (or USD equivalent).
Note: Candidates who are, or who choose to become, Subscribers to the Association at a cost of GBP 65.00 plus VAT (UK subscription) or GBP 60.00 (overseas subscription) may have this amount deducted from their examination fee.
Applications
Candidates wishing to sit either of the Modules in October 2008 should apply by the deadline of Friday 12th September 2008.
All prospective candidates are requested to contact the Association’s examinations
co-ordinator, as follows:David M Pannell, Pannell & Co, 52 Harvey Road, Guildford GU1 3LU, United Kingdom.
Telephone +44 1483 566 533 Email: pannellandcompany@hotmail.com
The relevant forms 1A and 1B may be downloaded from this site.