Illinois Insurance Continuing Education Introduction to Property and Casualty Insurance and the Insurance Contract

Introduction to Property and Casualty Insurance and the Insurance Contract

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  • Course Delivery: On Demand
  • Credit Hours: 6
  • Credit Type: General

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Description

This course will introduce you to the basic principles of insurance, including the concept of risk, the different types of risk, and techniques in managing risk. It will introduce you to several basic elements and terms used in the insurance industry. The course will focus on explaining the insurance contract by introducing and reviewing its various parts, including: the elements, characteristics, and parts of a contract, as well as various policy organizations. It will also lesson focus on the insurance transaction. The transaction includes such things as the application process, how the policy is selected, underwritten, and rated. This section will also review some of the legal requirements of applicants and the insurance company, with respect to the insurance transaction.

 

Course Objectives

Upon completion of the course, the student will be able to:
- Learn the types of Insurance companies that are available to consumers.
- Study the basic structure, and types of Property and Casualty insurance.
- Review who and what exactly makes up and insurance company.
- Gain an understanding of how the industry is regulated, and who regulates it.
- Review the insurance contract by discussing its key elements.
- Understand the basics of the insurance transaction.

 

Regulatory Information

Introduction to Property and Casualty and the Insurance Contract - Illinois Department of Insurance

  • Name:
  • Illinois Department of Insurance
  • Phone:
  • 217-782-1810
  • Fax:
  • 217-782-5020
  • Website URL:
  • www.insurance.illinois.gov
  • Email Address:
  • [email protected]
  • Address:
  • 320 W. Washington St. 4th Floor
  • City:
  • Springfield
  • State:
  • IL
  • Zip:
  • 62767-0001
 

End of Course Instructions

Congratulations! You have successfully completed your continuing education course. 360training or a 3rd party affiliate of 360training will report your credit hours to the Department of Insurance within 15 days. You may also now print your completion certificate online. Keep in mind that certificates of completion must be kept on file for at least 4 years.

 

Quiz Information

You will not be required to pass the quizzes to move on to the next lesson.

 

Exams

You will be required to pass the final exam with a 70% in order to receive course credit.

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4 Real Reviews From Actual Learners

Kenneth From Rusk, TX Took Introduction to Property and Casualty Insurance and the Insurance Contract, And Said:

The lessons are very easy to follow and are very detailed

Posted 4 months ago
Kay From Marshville, NC Took Introduction to Property and Casualty Insurance and the Insurance Contract, And Said:

easy to understand

Posted 10 months ago
Amanda From Salado, TX Took Introduction to Property and Casualty Insurance and the Insurance Contract, And Said:

Great lesson and learned a lot! Highly Recommend!

Posted 10 months ago
Michael From Temple, TX Took Introduction to Property and Casualty Insurance and the Insurance Contract, And Said:

Very convenient, self paced and informative.

Posted a year and 6 months ago