Principles of Insurance

COURSE NAME:
Principles of Insurance

COURSE DESCRIPTION:
This course provides a general overview of insurance principles, beginning with frequently used terms and their definitions as used in the industry. As the course develops, it illustrates the insurance process and its need, and then grows into a manual of sorts, guiding the reader through the various mechanics, the type of insurance products available, and the applicability in different situations, illustrating with examples wherever possible.

LEARNING OBJECTIVES:

    •Differentiate between insurance, insured and insurer.
    •Define and understand the concept of premium.
    •The similarities between risk transfer mechanisms and insurance.
    •Understand key concepts/terms used in relation to insurance.
    •Understand the need for insurance.
    •Understand the various types of insurance available.
    •Understand the mechanics of insurance.
    •Understand the role of insurance agents
    •Understand the mechanics of Life Insurance, its need and importance.
    •Understand the application process.
    •Understand the policy clauses.
    •Differentiate between the various types of insurance companies.
    •Understand the concepts of Whole Life Insurance, Joint Life Insurance etc.
    •Identify the various types of Permanent Insurance.
    •Compare Term and Permanent Insurance.
    •Distinguish between various Policy Variations.
    •Learn the mechanics of filing claims, receipt of proceeds.
    •Understand the need for, and the mechanics of, Insurance Underwriting.

    TOPICS COVERED:

  • Introduction
  • LESSON 1: INSURANCE – Basics
  • LESSON 2 : LIFE INSURANCE
  • LESSON 3: HEALTH INSURANCE
  • LESSON 4: LONG-TERM CARE INSURANCE
  • LESSON 5: DISABILITY INSURANCE
  • LESSON 6: PROPERTY AND CASUALTY
    INSURANCE/HOMEOWNER INSURANCE
  • LESSON 7: PERSONAL PROPERTY INSURANCE
  • LESSON 8: FIRE INSURANCE
  • LESSON 9: AUTOMOBILE INSURANCE
  • LESSON 10: INSURANCE FRAUD
  • LESSON 11: GROUP INSURANCE
  • LESSON 12: COMMERCIAL GENERAL LIABILITY
  • LESSON 13: PRINCIPLES OF RISK MANAGEMENT
  • LESSON 14: PRINCIPLES OF REINSURANCE

REGULATORY REQUIREMENT:
Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:
This course has been approved for 17 hours.

COURSE PRE-REQUISITE:
N/A

TESTING:
Final Exam - You will be required to pass the final exam with a 70% in order to receive course credit.

COURSE COMPLETION:
Upon successful completion of this course you will be able to print your certificate online.

ABOUT THE SUBJECT MATTER EXPERT:

EMMERT C. DAUGARD, M.A. CLU ChFC HIA MHP PAHM RHU REBC LIC

An accomplished speaker/trainer who has developed and taught many public insurance continuing education courses. Since 1988, designed and taught courses to over 25,000 insurance professionals. Held the insurance positions of agent/broker, manager, and corporate senior vice-president. Licensed for over 20 years in both property/casualty and life/health.

EXPERIENCE:

Director, Center for Continuing Education, Austin, Texas
Manager/Senior Vice-President, Sales/Marketing, Sheshunoff & Company, Austin, Texas
Vice President, Sales, Hawkeye Insurance Services, Des Moines, Iowa
District Manager, Farmers Insurance Group, California & Iowa

EDUCATION AND LICENSES:
Masters Of Arts, Business And Administration, Columbia Pacific University
Bachelor of Science, Mankato State University
Chartered Life Underwriter & Chartered Financial Counselor Designations
Registered Health Underwriter & Registered Employee Benefits Counselor