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MSc in Insurance and Risk Management Take your professional development to the next level
Brought to you by the CII and Cass Business School, the MSc explores and explains the interplay between insurance, risk management and financial services, providing the edge you require in a competitive global market.
Access to CII Fellowship status Satisfy the major achievement requirement of the Fellowship programme World-class leadership Learn from internationally-renowned academics and leading industry practitioners First-class facilities Enjoy the privileges of Europes largest Faculty in insurance, risk and actuarial science Flexible study options Choose from the available full and part-time study programmes Comprehensive modular course Devise a programme that meets your career needs and aspirations Fast track completion available for ACII qualification holders Receive exemptions from up to one third of the course programme
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Welcome to the FCII programme Introducing the Fellowship Steps to Fellowship Step 1 Complete the Advanced Diploma/Associateship Step 2 Enrolment and Fellowship plan Application form Enrolment for the Fellowship programme Form Fellowship plan Step 3 Continuing Professional Development (CPD) Step 4 Business Ethics Programme (BEP) Step 5 Major achievement options Application form To use professional or managerial qualification as major achievement Step 6 Statement of Personal Achievement (SPA) Application form Statement of Personal Achievement Step 7 Election to Fellowship
Customer Service CII, 42-48 High Road, South Woodford, London E18 2JP, tel: +44 (0)20 8989 8464, fax: +44 (0)20 8530 3052 e-mail: customer.serv@cii.co.uk Fellowship Advisory Service CII, 20 Aldermanbury, London EC2V 7HY, tel: +44 (0)20 7417 4412, fax: +44 (0)20 7726 0131 e-mail: societies.fas@cii.co.uk
If, after reading these guidelines, you are in any doubt about the requirements, please phone the Fellowship Advisory Service (FAS) on +44 (0)20 7417 4412, e-mail: societies.fas@cii.co.uk.
*Please note: You do not have to be an ACII for three years before enrolling on the Fellowship programme
Steps to Fellowship
Step 1 Complete the Advanced Diploma/Associateship
If you have gained the Advanced Diploma or Associateship please move to step 2.
Fellowship plan
The Fellowship plan should be completed in full and can be found on the back of the enrolment form (see page 8). The plan should cover the period up to application for election to Fellowship and it enables you to set an agenda for how you plan to become a Fellow. To obtain the maximum benefit from planning the next stage of your career, it is important to identify your major overall objectives and to combine these with practical, tangible and achievable interim goals. If you require assistance with any aspect of the plan the Fellowship Advisory Service can offer guidance. Your plan should be realistic and include goals that will stretch you and help you to develop as a professional.
Current position
To be most effective, the plan should be based on an analysis of your current position. Familiarise yourself with the following sections and decide on your major achievement.
Other considerations
When completing your plan you should also consider the requirements of the CIIs CPD scheme (see page 9). You need to maintain your CPD records, as these will need to be submitted to the Institute when you submit your final application for election to Fellowship. The plan can be used as a basis for further analysis of your current position and identification of areas where you can see opportunities for acquiring or improving skills or knowledge, which will be important for your future. When completing your plan you are also encouraged to consider: what current skills/technical knowledge you need to maintain; what new skills/technical knowledge you need to learn; what constraints there are on your learning (eg, time, geographic or physical constraints); what resources are available to you.
We recommend that you identify those areas you feel would enhance your personal development and career. The emphasis should be on acquisition of experience, skills and knowledge which will extend your interests and will help you realise your career aspirations and potential.
Once you have completed the Fellowship progression plan overleaf please either fax through the forms if paying by credit/debit card on +44 (0)20 7726 0131 send with cheque to the Fellowship Advisory Service, The Chartered Insurance Institute, 20 Aldermanbury, London EC2V 7HY. This form is valid until August 2009 only.
Postcode Employers name Job title Is this your home or work address Home Work
Country
Tick method of payment and, if applicable, complete the card details. Cash/cheque payable to The Chartered Insurance Institute (please write CII Pin number if known on the back of the cheque). Credit/debit card: Please debit my/our account with the total cost of the goods and services ordered on this form. Type of card (please tick) Valid from* Card number*
*Please complete according to the information on your credit/debit card.
VISA
DELTA
SOLO
Signed
Date
Section C Declarations
Application for study materials I undertake to use them for my own purposes and not to sell, copy, lend or give them to anyone else. Membership status I do not wish details of my membership status to be passed to my employer (tick if applicable)
I confirm that I am a post 1992 ACII or a pre-1992 ACII and have enclosed a summary of 10 years relevant work experience. I understand that this enrolment will be valid from the date of its acceptance by the CII. If I do not successfully complete the Fellowship programme within five years, I will have to complete a new enrolment form and pay a further enrolment fee. Data Protection and Privacy The CII is registered under the Data Protection Act 1998 and will ensure that in providing products and services to you, it (and its business associates) will process your personal data fairly. Where your employer pays for any of your tuition, the CII will upon the employers request provide your employer with details of your membership status and/or examination record including any attempts unless you tick this box. We may from time to time wish to draw your attention to other CII products and services which are likely to be of interest to you. We may also share your data with third parties who will use this for similar purposes, but will never sell your data to third parties. The CII will assume that you consent to us using your data in this way, unless you tick the following box. Have you ever been made bankrupt or been the subject of an individual voluntary arrangement (or any such analogous procedure) or been convicted of, or charged with (but not yet tried with), any offence other than a monetary fixed penalty for a motoring offence? Yes No If yes please give details on a separate sheet of paper. You are required to let the CII know if you are made bankrupt, become the subject of an individual voluntary arrangement (or any such analogous procedure) or are convicted of any offence (other than a motoring offence with a monetary fixed penalty) in the future. Your right to cancel I recognise that in accordance with The Consumer Protection (Distance Selling) Regulations 2000 I have a right of cancellation in respect of services, listed on this form, which right shall (subject to the Regulations) expire seven working days from the day after the date on which my order for services is accepted by the CII. In the event I wish to cancel I will send notice to Customer Service. I accept that reimbursement for any monies paid by me which relate to the cancellation will be sent to me within 30 days of the CII receiving the notice of cancellation. Signed Date
e-mail Address
Postcode Objectives set to reach Fellowship: Date enrolled on Fellowship scheme Intended date of submission of BEP for assessment Intended date of completion of major achievement Intended date of completion of Statement of Personal Achievement Intended date of application for election to Fellowship* *This date must be at least three years since the date of completion of the Advanced Diploma/Associateship examinations of the CII. State how you have tried to ensure that your personal objectives in reaching Fellowship also meet with those of your employer: Target Actual
If you intend to submit an alternative qualification as your major achievement, please attach a completed copy of the form on page 21 of the Fellowship regulations and guidelines and supporting documentation with this plan. * If you intend to submit a dissertation, project or portfolio of published work as your major achievement, please complete the following: Title Brief description of content
Please note that if your submission contains any company-specific information you should obtain an endorsement of your intended major achievement from your employer. I am submitting this Fellowship plan as part of the CII Fellowship scheme Signed
Date
* Please note: You must successfully complete the BEP before you make your application for election to Fellowship.
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Confidentiality
Many work-related projects and dissertations include information of a sensitive commercial nature. Where this is the case, you may change names and references (eg, to company x or product y) provided that the actual names and references are disclosed on a separate sheet of paper which will be made available to the FAS only, not to assessors. We may undertake investigations, as considered appropriate, to ensure the validity of the information.
Publication
Please bear in mind the fact that, if you are successful, the CII has the right to publish your major achievement, put it in the CII Knowledge Services for public view or place on its website.
All professional and managerial qualifications will be judged against the following criteria:
it must be gained post Advanced Diploma/Associateship; it must be obtained by independant/external assessment by the awarding body with a minimum of four assessments or their equivalent at Advanced Diploma subject level; it must usually have been awarded after i) a minimum of two years part-time study or ii) one years full-time study; where achievement of the additional qualification is partially dependent on credits awarded for prior learning, additional assessments equivalent to at least 120 Advanced Diploma credits must be undertaken; the subject matter of the qualification must be relevant to your occupation in the insurance sector; it must be a complete qualification, which meets the criteria in its own right.
A qualification which has been used to gain credits for the Advanced Diploma/ACII/APFS cannot be used as a major achievement. It is advisable to have a qualification assessed by the FAS before you start studying towards it, please refer to page 21.
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The application form for a major achievement is on page 21. When making your application, you must enclose documentary evidence of non-CII qualifications demonstrating that the qualification meets the relevant criteria. Such evidence can be: details of the method of assessment; course outline; syllabus summary of the topics covered; examination papers undertaken as part of the qualification.
Please note that the Institute is not able to obtain this information on your behalf and failing to supply all the relevant information may delay your application. All information submitted must be in English. If at the date of application you have already completed the qualification, you should additionally submit either the original results notification and certificate or a photocopy (a person other than yourself who is a current member of the CII and is an ACII, FCII, APFS or FPFS must attest the copy to confirm that it is a true copy of the original and sign it to that effect). If your qualification is unacceptable for the CII Fellowship scheme, you will need to choose a different major achievement. Examples of acceptable qualifications are shown above.
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Option 2 Dissertation
A dissertation, for CII purposes, is a discussion paper covering an insurance-related subject. If your dissertation is employer based, you must seek their written approval before submitting it. If you choose this route, your dissertation should: be typewritten in English; be 3-5,000 words long; be on an insurance-related subject; have been researched and written by you. You may get someone to type it from your own instructions but it is a disciplinary offence to submit someone elses work as your own.
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Unsuitable topics
Purely historical, non-analytical narratives, ie, The history of motor insurance. How to. or textbook guides, ie, How to obtain new business. Lecture notes. Extended job descriptions.
Your dissertation should set out what the subject matter is or what the key findings are. It should then develop this theme, taking account of others views on the subject as well as your own, supported by the evidence given in the paper.
Presentation
Subdivide the text. It is far easier to read text when it is labelled with sub-headings. Make sure that there are no mistakes in the text or in any figures. Spend time proof reading spelling, grammatical errors and use of language. Ask a friend or colleague to check it over. If English is not your first language, invite a native English speaker to proof read the final draft. Create a contents page and use page numbers this will help the reader navigate the paper.
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Research
Read widely on the subject before starting. CII Knowledge Services can help access materials (visit it online at www.cii.co.uk/knowledge). The internet provides access to information. Use the most up-to-date information available, but an allowance will be made, if your location makes that difficult. Consider how much research material is available. If there isnt much material for you to base your paper on, you will need to be prepared to carry out the initial research yourself. Keep good records on the information you may use later; this will help you with your cross-referenced bibliography. You must include citations. Do not plagiarise. Fellowship assessors are widely read and have access to subject experts if they suspect plagiarism. Someone else can type the paper for you so long as they do not otherwise contribute and their role is acknowledged. On the other hand, you can include short sections of others work provided that the author is fully identified. We strongly recommend that you read other successful dissertations, which are available on the CII website www.cii.co.uk/ generalinsurance/qualifications/fellowship.aspx and through CII Knowledge Services website www.cii.co.uk/knowledge. You should also ask a colleague or academic contact to give you an unbiased critique of your paper before submitting it. Suggestions for reading material which may help with the preparation of your dissertation are given on page 16. Appendices should be included where you feel that these would be helpful to the reader but they are not a requirement. Those who assess your dissertation wish to see evidence of your own views being expressed, it is not sufficient just to repeat what others may have already said or written.
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Clarity of argument The basic premise of your dissertation and your overall objective must be clear and well developed throughout the paper. Arguments should be logical and based on hard evidence where this is available. The arguments contained within the dissertation should be fully developed and then further strengthened by your personal interpretation. Presentation Remember the importance of accurate spelling and grammar. You should take care to ensure that your paper is well presented, and free of spelling mistakes, poor grammatical construction and poor syntax. Pages should be numbered and simply stapled together papers will have to be photocopied so do not use professional bindings or colour (especially if using graphs). A contents page and clearly defined sections within the dissertation are worthy inclusions. Conclusion A fifth of the marks go to this section. The conclusion should be no less than 300 words and must draw together the main themes of the paper and put forward firm recommendations or solutions. However, it should not include fresh research or views which have not been included and discussed within the text. The paper must relate back to its title and resolve any issues identified in its introduction. If it is not possible to resolve an issue, then a possible solution or route around an issue should be proposed. Your paper must contain your own thoughts and show where you stand in the debate. Your recommendations need not necessarily be ones that your employer would suggest. You can hold whatever views you like. All you need to do is back them up with evidence. A good conclusion should almost stand alone as a summary of the paper. Each section of your dissertation will be assessed separately. You must supply four copies of your dissertation, which will be sent to assessors, so make sure each copy contains all the pages.
Further reading
Below is a list of some books that provide advice to dissertation and project writers. These books are for information only and all submissions must follow the guidance given in this booklet. Prices are correct at the time of publication. How to write essays, dissertations and theses in literary studies N. Fabb and A. Durant, Longmans. ISBN 0 582 08977 8. November 1993. 15.99 The students guide to preparing dissertations and theses - 2nd edition B. Allison. P. Race. ISBN 0 7494 2193 2. January 1997. 12.00 How to write essays (Learning Skills) R. Lewis. National Extension College. ISBN 1853 568155. August 1999. 12.99 Writing an assignment, Proven Techniques from a Chief Examiner that really gets results. P. Smith. How to Books. ISBN 18570 38304. July 2002. 7.99
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Option 3 Projects
These entail a report in English on a major insurance-related project which you have either led or in which you have been a key member of the project team. If your project is employer-based, you must seek their written approval before submitting your project report.
Choice of project
Make sure that you choose a project which will enable you to answer the questions required. However important a project may have been to you or your employer, you are being assessed on your evaluation of the project, rather than the success (or otherwise) of the project itself. It is the conduct of the project that will be of particular interest to the assessors. Ideally, pick a project from which you learnt a lot about the way in which you work and from which your skills have developed. These are important issues in the marking scheme. The project must be led by you or you must play a significant role in it. Significant means that you must represent your company, or a large group, on the project team, must contribute or be responsible for a significant proportion (generally at least 20% of the key inputs to or outcomes from the project group) and be seen by others on the project team as being a significant player in the project. A project may be your own idea, or an existing one. Although projects must be insurance related, they need not necessarily involve a work-related project for your employer. In keeping with the status of being a major achievement, projects should be significant for your employer and in the context of your own professional development. As a guide, it is likely to involve at least 60 working days input from you. If the project does not meet all of these criteria, you may submit a further project. Up to three projects in total may make up a Fellowship major achievement. NB: It its perfectly acceptable to submit a one-person project, but the particular circumstances leading to the absence of a project team must be fully explained.
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Please include a statement of how much time you spent on the project, counter-signed by the project manager or, if you are the project manager, by an authorised signatory of your employer.
Structure
Make sure that the categories for assessment are clearly covered in your submission. To gain maximum points establish a structure, using a contents page and suitable headings and sections (such as those mentioned above), which make it clear where points are being addressed. It is easy to become so close to your project report(s) that an assessor may not identify what you perceive to be obvious.
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Presentation Remember the importance of accurate spelling and grammar. You should proof read your report to ensure it is well presented and free of spelling mistakes, poor grammatical construction and poor syntax. Pages should be numbered and simply stapled together papers will have to be photocopied so do not use professional bindings or colour (especially if using graphs). A contents page and clearly defined sections within the report are worthy inclusions. Outcomes of the project About a fifth of the marks go to this section. You should draw together the measured outcomes, budgetary and time compliance of the project. The information should be presented in a balanced and logical order. The solutions should be appropriate to the needs and requirements of the project sponsor. The project outcome should be related back to the original objective and you should demonstrate that efforts have been made to resolve all issues. Each section of the project will be assessed separately. Assessors look at your input rather than that of any others involved in the project. You are not marked down if other members of the project group performed poorly unless you were responsible for their input. Assessors do not expect every project to be exceptionally successful not every project can succeed in meeting its objectives but they do look to see that the projects outcomes were in line with what could reasonably have been expected and that lessons have been learnt.
Evidence
Although the project analysis is restricted to a maximum of 5,000 words, you can include documents in an appendix which clarify or prove points that you make in the main text. Appendices are not included in the word count. However, you should not include excessive information within an appendix unless it is directly relevant to the project report.
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Please send this form, together with documentary evidence to: The Fellowship Advisory Service at The Chartered Insurance Institute 20 Aldermanbury, London EC2V 7HY
Country
Documentary evidence must be provided for all qualifications, other than those examined by the CII. See page 12.
Listed below are six categories the assessors will be looking at when they consider your SPA. Please use these headings in your SPA to ensure that you demonstrate coverage of all six areas. Under each heading ensure you give enough detail to demonstrate your personal achievements. Candidates can be, and are, rejected on their SPA. Usually the Assessors feel that unsuccessful candidates do not address adequately each of the sections below especially the last three. By using the headings and following the guidance carefully you will greatly enhance your chances of success. It is recommended that you read the examples on pages 25-28 and on the CII website www.cii.co.uk/generalinsurance/qualifications/fellowship/spa/aspx before composing your SPA.
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Key learning points What were the key things you learned during your progression to Fellowship? How did you learn them? These should include soft facts (eg, things you learned about yourself or how your views have changed) as well as hard facts (eg, major achievements). This should include the negative experiences as well as the positive ones. Key skills and knowledge acquired During your time on the Fellowship programme you will have learned a number of new skills and increased your knowledge base. List the main items. This evaluation stage deserves special attention as it produces a summary of achievements, which demonstrates how you met your original objectives. For any area where you achieved less than you originally planned, reconsider whether the target originally set remains valid or whether you simply require more time to achieve it. Intentions for the future What will you do differently in the future? Fellowship is about making a commitment to professionalism as well as achieving a qualification. In this section, set out how you plan to put the lessons of your Fellowship programme to practical use in the future. Before writing your SPA you may find it helpful to ask yourself the following questions: What were the most important things I learned and why were they the most important? How have I applied new skills and knowledge in my work? In analysing the application of these new skills and knowledge, can I produce evidence of the circumstances in which they were applied? What other reading and development have I done outside my Fellowship plan to improve myself further and what do I now need to do for the future to continue my development as my career progresses?
The members of the Fellowship Assessment Board evaluate every SPA very carefully. The most common reason why a SPA fails to meet the required standard is because it does not demonstrate the candidates self-awareness. It is vital that your application illustrates what you have learned and in particular what you have learned about yourself as a result of negative experiences. You should not be afraid of admitting that you have learned from your mistakes as well as your achievements. In fact, such candid self-awareness is extremely valuable. It is important that you include sufficient information in your SPA to enable the Fellowship assessors to evaluate your application. Any other correspondence between you and the CII will be kept separate from your application and so the SPA must cover any issue which you feel is relevant to your application. You must include sufficient detail to demonstrate that you have completed all the steps to Fellowship and you should identify how the elements of the application have been useful to you in your work. The Fellowship assessors will also wish to see you demonstrate your ability to reflect on what you have achieved and how you will move your career forward.
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Examples of SPAs
The following examples have both been presented to the Fellowship Assessment Board. Both have been accepted and the candidates are now Fellows of the CII. All names and company details have been changed.
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I am confident in the knowledge and skills I have obtained with my FIISA and lecture regularly at the local insurance institute. I have also recently acted as an Expert Witness for a broker who was accused of not having acted professionally. I have received a copy of the judgement handed down in this matter, it was favourable towards the abovementioned broker and the judge offered the plaintiff to pay all costs incurred. I am called upon, on a regular basis, by insurers to check changes made to policy wordings and to provide critiques on these wordings. Intentions for the future Our brokerage has grown from strength to strength and we have managed to increase our turnover by 25% per annum since our inception. My FIISA status has been key to professional status and the management skills learned in the FIISA/FCII courses have been invaluable in the founding of my own brokerage and I continue to draw on these skills constantly. The key elements of our brokerage and our business philosophy remain the constant training and encouragement of education in all our staff, and the implementation and maintenance of professional business ethics at all times. As I believe in the basic tenets of the sharing of knowledge, I will continue to be involved with lecturing at our local insurance institute. It is essential to guard against complacency with regards to ones achievements and to this end, I intend to continue honing my skills by working in the industry and remaining involved in it, both for my personal and business development. As insurance is such a vast and ever-changing field, there is always scope for acquiring additional knowledge. It is this market which I view as a personal challenge and shall continue to remain a part of this very exciting industry in the future. Affirmative Action is a key aspect of International business at present and we strive to ensure that we maintain the correct demographics within our company in order to remain compliant at all times. I perceive the time spent on lecturing, both to my own staff and the insurance institutes, my critiques on new policy wordings and the opinions which I am called on to give by my peers as part of my continuing professional development. The diversity of requests for assistance also ensures the maintenance of a diversity of insurance knowledge.
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Key learning points At times I found it difficult to make the adjustments needed to become a successful international commercial property underwriter. With guidance from my managers and peers at XYZ Ltd I completed the transformation and this enabled me to market my skills in this business area and eventually to take the position as international commercial property underwriter at LMN Ltd. Managing change has been a recurring theme in my development and I feel that in achieving my Fellowship plan objectives I have learned to use changing circumstances to work to my advantage. Key skills and knowledge acquired Completing my degree has also been very valuable. I covered a broad range of subjects and developed skills some of which I had previously considered to be unimportant for an underwriter. For example, I completed a public relations module which gave me a great insight into how to manage PR and how to handle negative as well as positive situations. Most of the modules, but the dissertation in particular, taught me how to research subjects effectively. This skill is not just useful as an academic tool. Undoubtedly it enabled me to develop a technical publication which I edited and launched successfully as XYZ commercial property news. In addition, from a commercial point of view, I now find that I can access sources of information very quickly and this reinforces the underwriting decision-making process. The past eleven months have been a very testing time for me at LMN Ltd. The exposure as line underwriter has enabled me to develop very rapidly into the management position to which I had aspired three years ago. Overall the experience impacted positively on my personal as well as commercial development. Intentions for the future Although I now occupy the position I set my sights on three years ago, I still consider that learning and development are an on-going part of my commercial life. I reflect frequently on my underwriting decisions to try to identify mistakes early and to see if there are better ways of doing things. My development over the last three years has given me a very strong grounding as an international commercial property underwriter but I will continue to develop my personal skills and to test objectives for personal as well as management development. Current market conditions remain very unstable and no one can afford to be complacent over their skills and knowledge. I intend to use all that I have learned and to build on this to anticipate and react to a changing environment.
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Please attach this form to your Statement of Personal Achievement and return FOUR copies to: The Fellowship Advisory Service at The Chartered Insurance Institute 20 Aldermanbury, London EC2V 7HY
Country
Signed
Date
If there is sufficient demand, the CII may hold additional assessment boards; for further information contact FAS on +44 (0)20 7417 4412. Applicants will be advised of their result approximately 10 weeks after the closing date.
Assessment
All Fellowship applications will be assessed by specially trained Fellows. Three assessors (Fellows) will be appointed to review and evaluate your application. Each assessor receives a copy of your major achievement and your statement of personal achievement. Your application will be assessed against the fixed assessment categories set by the Fellowship Assessment Board, described in these guidelines. The assessors will produce reports for the Fellowship Assessment Board which ensures consistency and standards. From time to time we may ask a candidate to come for an interview before a recommendation is made. If you are called for an interview we pay all reasonable expenses incurred, which are agreed with you beforehand. We regret that we cannot give your result by telephone.
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If you succeed
Provided that you have carefully followed these guidelines you are likely to be successful. You will receive a letter confirming that you have been elected as a Fellow and are entitled to use the designatory letters, FCII, a right that belongs only to members who maintain this status by annual subscription and Continuing Professional Development. You may not use the letters FCII or describe yourself as a Fellow until you have received this written confirmation. Depending on any local arrangements, your Fellowship Diploma is sent either to you or to your local institute approximately six weeks later. Each year, the applicant judged to have submitted the best Fellowship application will be awarded the CIIs Rutter medal and a cash prize. For previous winners please visit the CII website www.cii.co.uk/cii/about/prizes_awards/rutter.aspx.
Please note that it is not possible to top-up a deficient major achievement with part of another type of major achievement. For example, if your dissertation is at fault, you cannot submit a published work to raise it to the required standard. Please note: All re-submissions must be accompanied by an additional election fee (200).
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THE CHARTERED INSURANCE INSTITUTE 42 - 48 High Road, South Woodford, London E18 2JP tel: +44 (0)20 8989 8464 fax: +44 (0)20 8530 3052 email: customer.serv@cii.co.uk website: www.cii.co.uk The Chartered Insurance Institute 2008
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