Introduction to Property & Casualty Insurance

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Instruction Hours 3
Topics Introduction to Property & Casualty Insurance
Programs Intro
Learning Options Online Self-Paced

Topics Covered:

  • General insurance terms and concepts including definitions, authority granted to the agents, the Law of Large Numbers, the insurance marketing distribution systems, and how the major types of insurance companies are structured
  • Property & casualty insurance basics such as insurable interest, cause of loss, open perils, and loss valuation
  • Insurance policy principles and concepts including claims that are covered by more than one policy, limits of liability, coinsurance, and nonrenewal
  • Liability basics and be able to describe the defenses for unintentional torts, four tests for negligence, three types of liability, plus the concepts of general and compensatory damages