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Professional Certified Designation and Membership Programs in Marine Insurance and Law
Founded in 1869, The Association of Average Adjusters (AAA) is a professional body representing Average Adjusters who are experts in marine insurance and law and may be appointed by any party in a marine claim or dispute. Irrespective of the identity of the instructing party, the Average Adjuster is bound to act in an impartial and independent manner. The Association promotes professional standards in the adjustment of marine claims by ensuring, through examination and those entering into membership possess a high level of expertise.
Its aim is to achieve uniformity of practice amongst Average Adjusters by providing a forum for discussion and by establishing rules of practice where necessary. It ensures the independence and impartiality of its members by imposing a strict code of professional conduct.Finally, it provides a service to the maritime community with established procedures where they may obtain advice on all aspects of marine claims to assist settlement.
Membership categories are – Fellows (Fellows are full members of the Association who have satisfied the rigorous examination requirements of qualification by passing all six modules), Senior Associates (Senior Associates have two passes out of the three Fellowship modular exams (excluding the practical exam) one of which must be paper F1) and, Associates (Associates have passed Modules 1 & 2 of the Association's examinations). The examinations of the Association of Average Adjusters are held in January, March and October each year.
- Module A1: The Marine Insurance Act 1906 and related principles of insurance.
- Module A2: Hull and Cargo claims.
- Module A3: Upstream and Offshore Energy Claims (this paper can be taken as an alternative to Module A2 in order to achieve the AAA's Associateship qualification).
- From 2016 a new qualification with the title Senior Associate has been introduced which would be obtained on attaining two passes, one of which must be paper F1, out of the three Fellowship modular exams (excluding the practical exam).
- Module F1: General Average, Salvage and Carriage of Goods by Sea
- Module F2: Hull Claims, including Loss of Hire
- Module F3: Collision liabilities, ancillary insurances on ships, cargo claims and miscellaneous
- Module F4: Practical Adjustment
LAST UPDATED ON Feb 20, 2017