Hong Kong has a financially important insurance market. This course will introduce students to the concept of insurance and its significance in society. It will consider the regulation of the insurance market in Hong Kong before turning towards the contract of insurance. Who can obtain insurance, for which risks and at what cost will be considered. What happens when the risk materialises and the entitlements of the assured will be discussed together with the situations under which the insurer can avoid making a payment. The students who successfully complete the course will have a clear understanding of the law of insurance. 

The use of AI in the examination is prohibited.

The course is assessed by a 2-hour computer-based examination. The exam is an open book exam. The students have access to all the course materials, their notes and their books during the exam as well as access to one language dictionary.

To pass each course, students need a total score of at least 40% and a minimum of 30% in both the continuous assessment (CA) component and final exam component. To ensure fair and comprehensive assessment of students' course performance, the pass mark requirement for the CA component will be waived for courses with a CA component equal to or less than 30%. This means students only need to achieve the pass marks for the final exam component AND the overall mark to pass the course. Continuous assessment for this purpose means those ways in which students are assessed otherwise than by the end of semester examination.

Grading of Student Achievement: Standard (A+, A, A-...F). Grading is based on student performance in assessment tasks / activities.