Florida Adjuster Law
- Course Delivery: On Demand
- Credit Hours: 10
- Language: English
- Credit Type: Adjuster - Law
- Difficulty: Intermediate
- Audience: Licensed Florida Insurance Professional
The purpose of this course is to present to the student a thorough overview of the laws and regulations with which insurance adjusters must comply. Insurance law topics are addressed both within the state of Florida and nationally. This is accomplished using three modules. Module One offers a precise and easy-to-understand examination of the Florida Statutes pertaining to insurance adjusters, referencing specific sections of the law and highlighting the salient features of each. Module Tw- focuses on the basic principles of insurance, covering such topics as key terms for insurance professionals and the typical characteristics of an insurance contract. Module Three addresses basic concepts of property and casualty insurance including personal auto insurance and liability insurance.The student will review basics, like the characteristics and primary parts of the insurance policy, as well as more specific topics in insurance law, including contract law, agency law, and insurance tax treatment. The student will also survey insurance legal code and litigation . The concepts discussed are seen at work in real world applications. In addition, the student will Understand important historical legislation, like the McCarranoFerguson Act, as well as modern day rulings that demonstrate finer legal distinctions and concepts. The primary objective of this course, taken as a whole, is to aid students in understanding the laws governing insurance adjusters actions and the basic concepts and policies involved in the everyday life of a professional insurance adjuster. However, the course also encourages students to become familiar with the laws and rules of their state in general by knowing how to locate and access them.
Upon completion of the course, the student will be able to:
- Identify the definitions, categories, expectations, and penalties within Florida insurance law.
- Describe the problems with unauthorized entities. Understand fundamental insurance legal concepts, including indemnity, collateral, tests of materiality, and others.
- Recognize the primary parts and characteristics of an insurance policy.
- Distinguish between property and liability insurance concepts.
- Summarize contract law concepts, including offer, acceptance, and consideration.
- Explain agency law concepts, like authority, waiver, estoppel, and others.
- Describe insurance tax tests, such as the Cash Value Accumulation Test.
- Demonstrate how the McCarranoFerguson act impacts insurance law today.
- Apply basic legal ideas within crop and flood insurance.
- Explain liability risk retention.
- Show how insurance law has been refined by recent court decisions.
Florida Adjuster Law - Florida Department of Financial Services
End of Course Instructions
Congratulations! You have successfully completed your continuing education course. ATTENTION: Please complete the affidavit, if required, and provide to 3rd party affiliate of 360training.com that monitored your exam; otherwise, please complete the affidavit and fax to 360training.com at 512-853-2657. You may also now print your completion certificate online. Keep in mind that certificates of completion must be kept on file for 5 years.
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