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The State of Nevada has only approved this course for 3 credits of Property & Casualty and 3 credits of Ethics.
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OVERVIEW AND TOPICS
Who's Covered? Insureds and Additional Insureds
In this 4-hour session, insurance professionals will learn who is covered as an insured under some of the most commonly written commercial insurance policies. They will learn which persons and entities are automatically covered by the insurance contract. They will examine the methods used to add coverage for others. They will discuss who is covered and who can be covered under Commercial Property, Business Auto, Workers Compensation, and Commercial General Liability (CGL) policies. They will review insurer proprietary endorsements that can be used to provide additional insured coverage under the CGL policy. They will explore the issue of primary and noncontributory coverage for additional insureds under both the CGL and Excess Liability policies.
Doing the Right Thing: Ethics for Insurance Producers
Participants will examine the relationship between ethics and the choices insurance professionals make to protect their agencies against errors and omissions. They will discuss the ethical responsibilities of insurance producers, different approaches to decision making, and factors that determine the standard of care. Using real-life ethical dilemmas, they will look at some of the situations faced by insurance producers from ethical and E&O perspectives.
Main Street America's Property Coverage Traps & Dilemmas
How do insurance professionals appropriately insure Main Street America’s real property with 100+ year-old buildings that are purchased for a few hundred thousand dollars and have a multi-million-dollar replacement cost estimator? In this session, participants discuss the built-in moral hazard and contemplate the appropriate property coverage form choice (Replacement Cost, Functional Replacement Cost, Actual Cash Value) and its effect on the insured’s exposures and viability of their business. Using 4 catastrophic losses in a 4-year period, they will examine the reasons why insurance professionals must insure to the catastrophic loss exposure and not be lulled to sleep by satisfactory partial loss settlements.
Insurance Solutions for Funding Retirement Goals
Why is retirement planning important? How do you learn what funding mechanisms are right for you personally or your clients? In this session, you will learn how to evaluate various type of retirement funding mechanisms, including annuities, long-term care insurance, and life insurance. You will better understand the need for Long-Term Care Insurance, what it is, what it costs, and who should purchase it.
Main Street America's Ancillary Property Coverages and Catastrophic Loss
What are the hidden issues of insuring 100+ year-old buildings bought for a fraction of what it would take to rebuild them? These buildings are often bought and insured by small business enterprises as a home to their business model and give little thought to the ramifications of sharing walls with their neighbors and the effect of their insurance choices (especially Replacement Cost vs Actual Cash Value) on their livelihood and business viability. Using 4 catastrophic losses in 4 years, participants will examine catastrophic preparedness and ancillary issues, such as: shared walls, OSHA involvement, line of sight, contractors, and weather after the weather event. They will discuss ancillary coverage considerations with debris removal, business income extra expense, ordinance and law, and more.
The Insurance Solutions for Protecting Your Wealth from Healthcare Costs in Retirement
Identify knotty health insurance dilemmas faced by today’s seniors and explore solutions to these problems that affect your clients and their futures. Consider the potential impact of rising health care costs and learn how to provide your clients with a dynamic plan to cover these expenses while maintaining their financial wellbeing. Evaluate and explore government-based health care coverage plans, including Social Security, Medicare, and Medicaid as they relate to Long Term Care and Long Term Care Insurance. You’ll learn what LTC Insurance is, what it costs, what services it covers, and who should purchase it. To provide a holistic overview of LTC to your clients, you’ll review the types of LTC Policies, common LTCI provisions and options, issues in designing the LTC Policy for clients, medical underwriting issues, and LTC Policy alternatives.
