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Accounting & Finance Financial Services and Insurance

Certificate for Module (Insurance Contract and Compliance)
證書(單元 : 保險合約及規範)

CEF Reimbursable Course

CEF Reimbursable Course

Course Code
Application Code

Study mode
Start Date
To be advised
33 hours
Course Fee
HK$8000 per programme
Deadline on 23 Feb 2024 (Fri)
2867 8474 / 2867 8314
2861 0278
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The programme aims to equip students with professional knowledge and skills to manage insurance contracts and assess possible risks and threats under an increasingly stringent regulatory environment in the insurance industry.

Programme Details

On completion of the programme, student should be able to:

  1. review insurance contracts to ensure legal requirements and regulations are conformed with;
  2. assess and evaluate legal exposures in insurance contracts;
  3. establish compliance principles to safeguard against non-compliance issues; and
  4. explain corporate compliance policies in light of changing International and Hong Kong regulatory environments

Programme Content

An overview of regulatory framework and codes of practice in insurance industry in Hong Kong

  • Insurance Companies Ordinance
  • Other regulations governing insurers and intermediaries.
  • Power of the Office of Comminssioner of Insurance (Insurance Authority)

Law of contract and insurance contract

  • Types of insurance contract
  • Essential elements of a contract
  • Formation of a contract (Offer and acceptance and consideration)
  • Formality and legality of an insurance contract from the perspective of insurance law
  • Terms: meaning of condition and warranty from the perspective of a general contract and insurance contract and their legal implication
  • Misrepresentation and duty of utmost good faith in an insurance contract
  • Discharge of contract in the context of insurance law. (including by breach, by agreement)

Insurance claims

  • Privity of contract and right of beneficiary under the insurance contract.
  • Measure of Indemnity
  • Notice and proof of claim
  • Salvage and abandonment
  • Subrogation and contribution

Other doctrines relating to an insurance contract

  • Adhesion, aleatory, personal, insurable interest

Law of agency

  • Rights and duties of the insurance agents and brokers

The International regulatory environment 

  • The role of the regulators and their powers
  • International regulation and bodies

Understanding the regulatory environment of insurance in Hong Kong

  •  Regulation of insurers, insurance intermediaries and MPF intermediaries

  •  Insurance companies ordinance

  • Authorization and annual Fees
  • Anti-money laundering and Counter-terrorist financing

Functions of compliance

  • The compliance structure
  • The role of the compliance officer
  • Key compliance activities

Other key compliance areas

  • Designing an effective internal reporting system

Financial crime prevention

  • Misleading statements/market manipulation
  • Insider dealing and market abuse

Contact Hours

33 hours


Type of Assessment
Continuous assessment 15%
Test (1 hour) 35%
Final Exam (2 hours) 50%


On successful completion of the programme (satisfy both the attendance requirement (minimum 70%) and passed the above programme assessment ), students will be awarded within HKU System through HKU SPACE a Certificate for Module (Insurance Contract and Compliance).

Application Code 2175-AC107A Apply Online Now
Apply Online Now

  • 33 hours per module

Class Details


Application Fee

HK$150 (Non-refundable)

Course Fee
  • Course Fee : HK$8000 per programme

Entry Requirements

Applicants shall:

  • hold a bachelor’s degree awarded by a recognized institution or
  •  a recognized professional qualification plus five years of full-time work experience at senior managerial level in related industries


provide evidence of English proficiency (if the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English) such as:

  • an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or
  • a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above in the internet-based TOEFL; or
  •  HKALE Use of English at Grade E or above; or
  • HKDSE Examination English Language at Level 3 or above; or
  • equivalent qualifications.

Applicants with other qualifications and relevant work experience will be considered on individual merit.


  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Certificate for Module (Insurance Contract and Compliance)
COURSE CODE 33C140349 FEES $8,000 ENQUIRY 2867-8474
Continuing Education Fund Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.

Certificate for Module (Insurance Contract and Compliance)

  • This course is recognised under the Qualifications Framework (QF Level [6])


Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and the applicant’s name.. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying  “Course Application” on the envelope.  HKU SPACE will not be responsible for any loss of payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (course enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, continuing students of award-bearing programmes, if their programmes offer online service, may also pay their course fees by Online WeChat Pay, Online Alipay and Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.


  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolement Centres and avoid making cheque payment under this circustance.
  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque or PPS (for online payment only) will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder's credit card account.
  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • Receipts will be issued for fees paid but HKU SPACE will not be repsonsible for any loss of receipt sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to "HKU SPACE" to any of our enrolment centres.