This is a complete course of study providing education and training which allows the student to learn the law of contracts as it applies to insurance coverage and insurance claims. The course covers everything an employee, officer, or director of a corporation (or an officer or agent of an insurer) needs to know about contract law as it applies to liability insurance and enables them to resolve any claim presented by the corporation to the insurer or by third parties against the corporation.

This course covers the following:

  1. The law of contracts needed to understand insurance, insurance coverage and insurance claims.
  2. How a contract is a legally binding valid agreement between two parties.
  3. How an insurance contract is a legally binding valid agreement between two or more parties.
  4. The elements of a contract: offer, acceptance, and consideration.
  5. How to understand conditions, limitations, warranties and exclusions.
  6. How courts interpret insurance contracts.
  7. What a breach of contract is and how it effects insurance contracts.
  8. Compliance with good faith settlement practices regulations.

 

Learning Objectives
  • Explore how liability insurance is acquired.
  • Explore how to read and understand a liability insurance policy.
  • Recognize the importance of liability insurance.
  • Recognize all of the rules of insurance policy interpretation.
Last updated/reviewed: August 17, 2023
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3 Reviews (8 ratings)

Reviews

3
Anonymous Author
In my role I am now in charge of the insruance contracts for my company. I was hoping that this was more about dealing with insurance and not just the legal angle.

4
Anonymous Author
This course covered the stated learning objectives. This was a good refresher in contract law for someone who hasn't seen that since college.

5
Member's Profile
Learned a lot about insurance contracts! Good class for earning easy CPE credits!

Prerequisites
Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Course 4: The Full Law of Contracts for the Insurance Professional10:47
  Legal Capacity10:16
  Conditions12:49
  Conditions Cont'd8:41
  How Contracts Are Interpreted by Courts Part 113:25
  How Contracts Are Interpreted by Courts Part 210:30
  How Contracts Are Interpreted by Courts Part 39:07
  Breach of Contract8:14
  Breach of Contract Cont'd8:18
CONTINUOUS PLAY
  Course 4 - The Full Law Of Contracts For The Insurance Professional full video1:32:11
SUPPORTING MATERIALS
  Slides: The Full Law Of Contracts For The Insurance ProfessionalPDF
  The Full Law Of Contracts For The Insurance Professional Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam