Insurance Terms & Related concepts (40%) General Property Insurance (Product Knowledge Pertinent to Adjusters) (40%) Texas Statutes and Rules Pertinent.

Slides:



Advertisements
Similar presentations
GENERAL INSURANCE POLICIES
Advertisements

PROPERTY AND CASUALTY & OTHER INSURANCES
CHAPTER 13 COMMERCIAL PROPERTY INSURANCE. COMMERCIAL PROPERTY INSURANCE When business purchase insurance, we call it commercial insurance. When individuals.
IASA Boot Camp+ Mastering the Art of Marketing & Selling to Insurance Companies March 19-20, 2015 TPC Sawgrass Jacksonville, Florida.
Office of Risk Management Annual Conference Insurance Requirements in Contracts and Indemnification Agreements Procedures Manual Published by The Office.
“This workforce solution was funded by a grant awarded under Workforce Innovation in Regional Economic Development (WIRED) as implemented by the U.S. Department.
Insurance Law CHAPTER 19.
Chapter 23 Insuring Your Future Lesson 1: Insurance and How It Works
Insurance Institutions. I. Introduction A. Type of Insurance 1. Social Insurance 2. Private Insurance American System –Life Insurance –Property/Casualty.
Fair Premiums, Insurability of Risk and Contractual Provisions
FUNDAMENTAL PRINCIPLES OF RUSSIAN INSURANCE CONTRACT LAW The Week of Russian Commercial Law in London, 19 November 2010.
Commercial Property Insurance. Under the rules of the Insurance Services Office, each commercial package policy contains: - a common declarations page.
Chapter 4 Risk Management BCN 4772 Summer Risk Management What is Risk? What is Risk? Specific types of Risk Specific types of Risk Inflation Inflation.
Insurance Fundamentals for Policymakers. Four assignments: Insurance Principles Insurance Coverages: Property and Casualty Insurance Coverages: Life and.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 36 Insurance Twomey Jennings Anderson’s Business Law and the.
CALIFORNIA INSURANCE GUARANTEE ASSOCIATION 2005 HISTORY ESTABLISHED IN 1969 CALIFORNA INSURANCE CODE, –A–ARTICLES 14.2 AND –§–§1063.
Insuring Condos.
 Understanding the concept of insurance  Functions of insurance  Types of insurance  Best form of insurance.
RISK MANAGEMENT FOR ENTERPRISES AND INDIVIDUALS Chapter 15 Multirisk Management Contracts: Business.
Chapter 381 The Contract The Insurance Contract The Application Duties of Parties Statutory Provisions Generally part of contract by express stipulation.
©2015, College for Financial Planning, all rights reserved. Session 16 Professional Liability Commercial Insurance CERTIFIED FINANCIAL PLANNER CERTIFICATION.
The Scope of Insurance Classification of Insurance, Marine Insurance, Accident Insurance, Liability Insurance.
Multiple Sources of Recovery Sources of multiple recovery Other insurance in the same policy Other insurance in a similar policy Other insurance in a dissimilar.
GS §115C F No Civil Liability shall attach to any chartering entity, to the State Board of Education, or to any of their members. The board of.
Chapter 19 Principles of Real Property Insurance.
Senate Bill 408 Senate Bill 408 makes sweeping changes to laws related to property insurance, primarily residential property insurance.
Commercial Property Insurance – Continued Chapter 10 Business Property Insurance Appendix C Building and Personal Property Coverage Form.
Insurance.  TEKS 8 – The student explains risk bearing devise. The student is expected to:  Identify the principles of insurance;  Review the types.
Insurance Risk Management for K-12 Schools Jerry D. Loghry MS, ARM, CSP, CPP.
Chapter 37 Insurance Twomey, Business Law and the Regulatory Environment (14th Ed.)
© 2004 West Legal Studies in Business A Division of Thomson Learning BUSINESS LAW Twomey Jennings 1 st Ed. Twomey & Jennings BUSINESS LAW Chapter 49 Insurance.
Insurance and Risk 2-1. Copyright © 2008 Pearson Addison-Wesley. All rights reserved. 2-2 Agenda Definition and Basic Characteristics of Insurance Requirements.
GS §115C F (c) (1) The board of directors of a charter school may sue and be sued. The State Board of Education shall adopt rules to establish.
> > > > Insurance and Risk Management Appendix B.
Homeowners Insurance: The Basics. Homeowners policies also protect anyone named in the policy including: Also covers detached structures such as:
Chapter 27 Crime Insurance and Surety Bonds. Copyright ©2014 Pearson Education, Inc. All rights reserved.27-2 Agenda ISO Commercial Crime Insurance Program.
Chapter 10: Personal Property and Liability Insurance Chapter 10 Personal Property and Liability Insurance.
© American Marketing Management and Motivations Services, Inc HOMEOWNERS To be used as a Supplement to the Florida General Lines Manual © American Marketing.
Office of Risk Management Annual Conference Insurance Requirements in Contracts and Indemnification Agreements Procedures Manual Published by The Office.
Department of Finance City of Pasadena Insurance Renewal Presented by David Serrano, Claims Coordinator July 8, 2013.
Marketing and Distribution Systems Marketing - developing strategies to get and keep customers Measuring the market (1995) Premium volume $260 billion.
© 2015 OnCourse Learning Chapter 14 Property Management and Insurance.
Chapter 14 Property Management and Insurance 2010©Cengage Learning. All Rights Reserved.
Ch. 18 Insurance Law Pages 318 – 339 Insurance Fundamentals
Property Management. Overview Property managers have three major responsibilities: financial management physical management administrative management.
Inland Marine 220 Interactive Study Guide PassInsuranceExam.com © American Marketing Management and Motivations Services, Inc.
Ch. 18 Insurance Law Pages 318 – 339 Insurance Fundamentals Property and Casualty Insurance Life and Social Insurance.
 2003 Arthur J. Gallagher & Co. Contractor Insurance Requirements SMU Safety Fair Dallas, Texas May 21, 2004 SMU Safety Fair Dallas, Texas May 21, 2004.
PAMIC 2016 MARKET REGULATION SYMPOSIUM DISCUSSION OF MARKET REGULATION FROM A PROPERTY & CASUALTY FILING PERSPECTIVE Jennifer Waldron Managing Director.
Chapter 8 Liability and Risk Management. I. Liability Owners of property are liable for their own wrongful and negligent actions A. STRICT LIABILITY California.
Insuring Your Future Objective: Discuss the common types of insurance Identify when an insurable interest is present Bellwork: What kinds of insurance.
INSURANCE 101 COMMERCIAL INSURANCE, A PRIMER. COMMERCIAL INSURANCE DESIGNED TO COVER LOSS EXPOSURES FOR BUSINESS AND NON-PROFITS.
TRANSPORT INSURANCE LAW Lecutre 1 – introduction 11 OCT 2016
PROPRIETARY FUND TYPE INTERNAL SERVICE FUND FUND 711
Your Perfect Policy “Need to Knows” for Investors & Lenders
PROPERTY AND CASUALTY & OTHER INSURANCES
Homeowner’s Insurance
PROPERTY AND CASUALTY & OTHER INSURANCES
Chapter 17 Property Management
Part II: Insurance in Business
Risk Management.
Insurance and How It Works
The Insurance Needs of Radon Inspectors Cutting through the Red Tape
Why Insurance in Your Classroom?
SBDC CEO Accelerator.
Distribution Systems Insurance Market Intermediaries
1888PressRelease - Mayes Insurance Group | Lawrence Adkins Leads the pack- lowest Rate Auto SR22 and Home insurance in Palm Beach County Florida
News from your Rating Organizations
Insurance and Risk Management
THEORY OF RISK AND INSURANCE MARKETS
Presentation transcript:

Insurance Terms & Related concepts (40%) General Property Insurance (Product Knowledge Pertinent to Adjusters) (40%) Texas Statutes and Rules Pertinent to Property & Casualty Adjusting (20%)

I. Insurance Terms and Related Concepts (40%) A. INSURANCE BASICS 1.0 Insurance Principles and Concepts 2.0 Policy structure 3.0 Common policy provisions 4.0 Texas laws, regulations and required provisions B. CONTRACTS 1.0 Elements of a legal contract 2.0 Distinct characteristics of an Insurance contract 3.0 Legal Interpretations affecting contracts Table of Contents

II. General Property Insurance (Product Knowledge Pertinent to Adjusters) A. Standard Fire Policy (3%) B. Auto Liability (includes Texas PAP) (3%) C. Personal Lines Coverage (ISO & TX Forms HO-A, HO-B, HO-C) (10%) 1.0 TEXAS DWELLING POLICY 2.0 TEXAS HOMEOWNERS POLICY D. Commercial Lines Coverage (10%) 1.0 COMMERCIAL PACKAGE POLICY (CPP) 2.0 BUSINESS OWNERS POLICY 3.0 COMMERCIAL GENERAL LIABILITY E. Inland Marine (2%) 1.0 HULL COVERAGE AND CARGO COVERAGE Table of Contents

II. General Property Insurance (Product Knowledge Pertinent to Adjusters) (40%) F. Ocean Marine (2%) G. Additional Coverages, exclusions & extentions (7%) 1.0 OTHER COVERAGES AND OPTIONS 2.0 BOILER AND MACHINERY INSURANCE 3.0 AVIATION INSURANCE 4.0 Texas Farm & Ranch Policies H. Bonds (3%) 5.0 SURETY BONDS, FIDELITY & CRIME COVERAGES Table of Contents

III. Texas Statutes and Rules Pertinent to P & C Adjusting (20%) A. Licensing Requirements (7%) 1.0 INSURANCE REGULATION B. Marketing Practices (7%) C. Adjuster Practices, responsibilities & duties (3%) 1.0 ADJUSTING LOSSES 2.0 PROTECTION AND INDEMNITY INSURANCE D. Workers' Compensation (3%) Table of Contents