This course is designed to provide instruction that will provide student with a thorough understanding of property and casualty insurance. Topics covered include fire, homeowners, dwelling, auto, business and professional liability, crime and fidelity, worker's compensation, and applications from a personal and commercial perspective. The insurance industry and regulatory concerns are also addressed in this course.
- Understand of the risk management process, including identifying, eliminating, reducing, and transferring property & casualty risks.
- Compare and contrast various types of property and casualty insurance policies.
- Identify and distinguish among homeowners forms and describe the individual for whom each form is designated.
- Understand how firms create property and casualty risk management policies and implement those polices through risk officers and other financial controllers.
- Describe personal and business liability policies.
- Describe the insuring agreements of liability insurance contracts and explain the insurer's obligation to defend the insured.
- Identify and problems with the tort system and explain various proposals for change.
- Identify coverage features of various property and casualty insurance policies.
- Demonstrate an understanding of crime insurance and bonds.
- Demonstrate an understanding of various state No-fault auto insurance laws.
- Describe the features of a business owners policy.
- Understand various components of personal and business auto insurance policies.