BYE-LAWS FOR THE DEGREE OF MASTER OF SCIENCE IN INSURANCE AND RISK MANAGEMENT - M.SC. - UNDER THE AUSPICES

MANAGEMENT - M.SC.

SUBSIDIARY LEGISLATION 327.632

BYE-LAWS FOR THE DEGREE OF MASTER OF

SCIENCE IN INSURANCE AND RISK

MANAGEMENT - M.SC. - UNDER THE AUSPICES

OF THE FACULTY OF ECONOMICS,

MANAGEMENT AND ACCOUNTANCY

13th August, 2019

LEGAL NOTICE 202 of 2019, as amended by Legal Notice 252 of 2021

and 122 of 2025.

(1)

These bye-laws may be cited as the Bye-Laws for

the degree of Master of Science in Insurance and Risk Management -

M.Sc. - under the auspices of the Faculty of Economics, Management

and Accountancy.

(2)

In these bye-laws, unless the context otherwise requires -

“the Board” means the Board of the Faculty of Economics,

Management and Accountancy;

“the Board of Studies” means the Board of Studies appointed by

Senate for the Course, on the recommendation of the Board;

“the Course” means the programme of study leading to the

degree of Master of Science in Insurance and Risk Management -

M.Sc.;

“the Degree” means the degree of Master of Science in

Insurance and Risk Management - M.Sc.;

“the Postgraduate Certificate” means the Postgraduate

Certificate in Insurance and Risk Management – P.G. Cert.;

“the Postgraduate Diploma” means the Postgraduate Diploma in

Insurance and Risk Management – P.G. Dip.; and

“the Principal Regulations” means the General Regulations for

University Postgraduate Awards, 2008.

These bye-laws shall be

applicable

for

courses

commencing in October 2021 or later.

(1)

The Course shall be open to applicants in

possession of one of the following qualifications

(a)

the degree of Bachelor of Commerce (Honours) in

Insurance and Risk Management obtained with at

least Second Class Honours; or

(b)

the Advanced Diploma in Insurance awarded by the

MANAGEMENT - M.SC.

Chartered Institute of Insurance (UK.); or

(c)

the degree of Bachelor of Commerce with

Insurance as one of the two main areas of study,

obtained with at least Category II; or

(d)

a degree with at least Second Class Honours or

Category II, in any other area deemed relevant by

the Board of Studies, provided that applicants in

possession of a degree with at least a Third Class

Honours or Category III may also be considered.

Applicants in possession of the degree with Third

Class Honours or Category III shall be allowed to

proceed to the research component subject to the

attainment of an average mark of at least 55% in

the taught component; or

(e)

a qualification deemed by Senate, on the

recommendation of the Board of Studies, to be

comparable to the qualifications listed in sub-

paragraphs (a), (b) and (c).

(2)

Applicants in possession of the Postgraduate Diploma in

Financial Regulation and Compliance may be allowed to join the

research component of the Course.

(3)

Students admitted under sub-paragraphs (d) and (e) of

paragraph (1), and paragraph (2) of this bye-law, may be required to

follow and pass supplementary study-unit/s, as recommended by the

Board of Studies, to which a maximum of 12 ECTS credits are

assigned, in addition to the programme of study as specified in bye-law

5 of these bye-laws.

(4)

The admission of applicants under sub-paragraph (d) and

if necessary sub-paragraph (e) of paragraph (1) of this bye-law, may

be made conditional on the result of an interview conducted for the

purpose.

(5)

Interviews, if necessary, shall be conducted by a board

composed of at least three members appointed for the purpose by the

Board.

The Course shall extend over three semesters of full-time

study or the equivalent in part-time study.

The programme of study shall comprise study-units to

which a total of 90 ECTS credits are assigned, of which 60 ECTS

credits are assigned to taught study-units and 30 ECTS credits are

assigned to the dissertation study-unit.

Students who successfully complete a prescribed set of

MANAGEMENT - M.SC.

taught study-units totalling 30 ECTS credits with an average mark of

at least 50% and do not proceed with the Course, or having

proceeded do not successfully complete the Course, shall be eligible

for the award of the Postgraduate Certificate.

Students who obtain the 60 ECTS credits assigned to the

taught study-units with an average mark of least 50% and do not

proceed with the Course, or having proceeded do not successfully

complete the dissertation, shall be eligible for the award of the

Postgraduate Diploma.

Students shall be eligible for the award of the Degree if

they obtain the 90 ECTS credits as outlined in the programme of

study for the Course with an average mark of at least 50%.

The programme of study shall be published after approval

by Senate, normally not less than eight months prior to the

commencement of the Course.

(1)

The assessment of each taught study-unit shall be

completed by the end of the semester in which the teaching of the

study-unit is held.

(2)

Students who in any academic year fail in the assessment

of not more than 20 ECTS credits if following the full-time Course,

or not more than 10 ECTS credits if following the part-time Course,

shall be given the opportunity to re-sit the failed assessments during

the September supplementary examination session.

(3)

Students who fail in more than the number of credits

permitted under paragraph (2) of this bye-law, or students who after

re-assessment fail to obtain credit for any study-unit, shall be

required to withdraw from the Course.

(1)

Students shall be required to submit an individual

dissertation of approximately 15,000 to 20,000 words in accordance

with the guidelines issued by the Board of Studies.

(2)

Work on the dissertation shall be undertaken primarily

during the third semester of the Course. Each student shall be

assigned a supervisor who shall provide guidance and advice on a

regular basis during the period of study.

(3)

Students must submit a provisional title for the

dissertation and a detailed research proposal to the Board for

approval by the end of the first semester.

(1)

Students shall be required to have regular contact

with their supervisor.

(2)

Supervisors shall submit to the Board of Studies progress

reports for each student under their supervision at the end of each

MANAGEMENT - M.SC.

semester of study. Such reports may include a recommendation to

either (a) extend the period of study in order to enable the student to

complete the dissertation; or (b) terminate studies prematurely if the

supervisor deems this to be proper in the circumstances, provided

that

(i)

the extension of the study period referred to in (a)

shall be in accordance with the provisions of the

Principal Regulations; and

(ii)

the Board may not terminate studies prematurely

according to (b) above until it has first given the

student a chance to be heard.

The Final Weighted Average Mark for the purpose of the

classification of the Postgraduate Diploma and of the Degree shall be

based on the results obtained in all the relevant components of the

programme of study, all credits being weighted equally.

The provisions of the foregoing bye-laws shall apply

mutatis mutandis to courses followed on a part-time basis, and

subject to such changes as may reasonably be deemed by the Board

as necessary due to the part-time nature of the Course.