Special discounts are available for groups, corporate accounts and students taking multiple courses. To learn more, call us toll-free at: 1-877-211-4523

Principles of Insurance New

Course Description

Approval Number :
C67673.

Course Description

This course provides a general overview of insurance principles, beginning with frequently used terms and their definitions as used in the industry. As the course develops, it illustrates the insurance process and its need, and then grows into a manual of sorts, guiding the reader through the various mechanics, the type of insurance products available, and the applicability in different situations, illustrating with examples wherever possible.

Learning Objectives

  • Differentiate between insurance, insured and insurer.
  • Define and understand the concept of premium.
  • The similarities between risk transfer mechanisms and insurance.
  • Understand key concepts/terms used in relation to insurance.
  • Understand the need for insurance.
  • Understand the various types of insurance available.
  • Understand the mechanics of insurance.
  • Understand the role of insurance agents
  • Understand the mechanics of Life Insurance, its need and importance.
  • Understand the application process.
  • Understand the policy clauses.
  • Differentiate between the various types of insurance companies.
  • Understand the concepts of Whole Life Insurance, Joint Life Insurance etc.
  • Identify the various types of Permanent Insurance.
  • Compare Term and Permanent Insurance.
  • Distinguish between various Policy Variations.
  • Learn the mechanics of filing claims, receipt of proceeds.
  • Understand the need for, and the mechanics of, Insurance Underwriting.

    Topics Covered

  • Introduction
  • LESSON 1: INSURANCE – Basics
  • LESSON 2 : LIFE INSURANCE
  • LESSON 3: HEALTH INSURANCE
  • LESSON 4: LONG – TERM CARE INSURANCE
  • LESSON 5: DISABILITY INSURANCE
  • LESSON 6: PROPERTY AND CASUALTY
    INSURANCE/HOMEOWNER INSURANCE
  • LESSON 7: PERSONAL PROPERTY INSURANCE
  • LESSON 8: FIRE INSURANCE
  • LESSON 9: AUTOMOBILE INSURANCE
  • LESSON 10: INSURANCE FRAUD
  • LESSON 11: GROUP INSURANCE
  • LESSON 12: COMMERCIAL GENERAL LIABILITY
  • LESSON 13: PRINCIPLES OF RISK MANAGEMENT
  • LESSON 14: PRINCIPLES OF REINSURANCE

REGULATORY REQUIREMENT:
Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:
This course has been approved for 6 hours.

COURSE PRE – REQUISITE:
N/A.

TESTING:
Final Exam – You will be required to pass the final exam with a 70% in order to receive course credit.

COURSE COMPLETION:
Upon successful completion of this course you will be able to print your certificate online.

ABOUT THE SUBJECT MATTER EXPERT:

EMMERT C. DAUGARD, M.A. CLU ChFC HIA MHP PAHM RHU REBC LIC

An accomplished speaker/trainer who has developed and taught many public insurance continuing education courses. Since 1988, designed and taught courses to over 25,000 insurance professionals. Held the insurance positions of agent/broker, manager, and corporate senior vice – president. Licensed for over 20 years in both property/casualty and life/health.

EXPERIENCE.

Director, Center for Continuing Education, Austin, Texas
Manager/Senior Vice – President, Sales/Marketing, Sheshunoff & Company, Austin, Texas
Vice President, Sales, Hawkeye Insurance Services, Des Moines, Iowa
District Manager, Farmers Insurance Group, California & Iowa.

EDUCATION AND LICENSES:
Masters Of Arts, Business And Administration, Columbia Pacific University
Bachelor of Science, Mankato State University
Chartered Life Underwriter & Chartered Financial Counselor Designations
Registered Health Underwriter & Registered Employee Benefits Counselor.

State Requirements

Check Massachussets’ state requirements prior to enrolling (http://www.mass.gov/ocabr/government/oca-agencies/doi-lp/). Provider – 360training.com, Inc. #S14698 *General credit hours count for either property and casualty or life and health.

PRICE:

$30

Credit Card Logos
We accept all major credit cards

Features & Benefits

Unlimited Access

Learn what you want at your own pace and on your own schedule.

Comprehensive Catalog

Over 6,000 online compliance training courses, assessments, and exams.

Multimedia Content

Interactive multimedia courses with instant grading and timely reporting.

Expert Instructors

Learn from top experts who are passionate about their field.

Group Discounts

Get great discounts and save with group enrollment.

24x7 Support

24-hour support for any online course via phone, email or live chat.

Trusted by professionals

We are committed to ensuring a better online learning experience for our students. See why thousands of people chose Online Institute of America to satisfy their online training requirements.



Overall, I think the coursework is great. Everything is explained in simple English and the voiceover is wonderful.

— Lori A. Leonard, IBM


Catherine was terrific and answered all of my questions with great professionalism. Great Job!

— Elizabeth D, Student


Needed assistance getting into my account and Kris set me up. Fast helpful service! Thank you.

— Brian T, Kraft Canada

Read more reviews from our students

Have a question about our online training programs?