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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: June 08, 2018

1 Review (3 ratings)Reviews

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  10:48Introduction to Course 4: The Law of Contracts for the Insurance Professional
  10:16Legal Capacity
  12:50Conditions
  8:41Conditions Cont'd
  13:25How Contracts Are Interpreted by Courts Part 1
  10:30How Contracts Are Interpreted by Courts Part 2
  9:08How Contracts Are Interpreted by Courts Part 3
  8:15Breach of Contract
  8:18Breach of Contract Cont'd
CONTINUOUS PLAY
  1:32:11Course 4 - The Law Of Contracts For The Insurance Professional full video
SUPPORTING MATERIALS
  PDFSlides: The Law Of Contracts For The Insurance Professional
  PDFThe Law Of Contracts For The Insurance Professional Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM