Module 1: Fundamentals of Liability Insurance

BE ADVISED: This includes this module (in the eLearning format) only. There is no corresponding proctored exam required. This module is not eligible for CE credit.

Module 1 | Fundamentals of Liability Insurance
Fundamentals of Liability Insurance covers the fundamentals of liability insurance, including risk management, loss exposures and the role of insurance in risk financing are addressed in this module. Basic concepts of insurance, such as indemnification, risk exposures, insurable risk, claims, underwriting, and “book of business” are defined. The material explains many different types of insurance professionals involved in the process, including agents, brokers, claims professionals, underwriters, and others. The legal principles which underlie the concept of liability are discussed as they relate to general liability and specific considerations of professional liability exposures. This module also touches on regulation of insurance and the role of excess & surplus lines companies in the marketplace.

Module copyright date: 2016

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