Risk and Insurance

Level: Intermediate

Why you need this course:
After completing this course, you’ll be able to analyze your state’s insurance regulations.

Upon successful completion of this course, you should be able to:

• Explain how hazard risk differs from business risk and what risk management techniques can be used to manage risk.
• Describe the parties to, benefits of, and costs of insurance.
• Describe the claim department structure, types and functions of claim personnel, and claim personnel performance measures.
• Describe each of the different insurance company functions and their purposes.
• Summarize the following aspects of insurance regulation:
• The three major federal statutes that regulate insurance and their significance
• The role of the NAIC in insurance regulation
• The purposes of insurance regulation
• The activities of insurance regulators
• The types of insurance regulation
• Identify what the NAIC annual statement contains and why that information is important.
• List types of entities that require consolidated financial statements and why.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Risk and Insurance Topics Include:

• How hazard risk differs from business risk and what risk management techniques can be used to manage risk
• The parties to, benefits of, and costs of insurance
• Claim department structure, types and functions of claim personnel, and claim personnel performance measures
• Different insurance company functions and their purposes
• Aspects of insurance regulation, including:
• Three major federal statutes that regulate insurance and their significance
• The role of the NAIC in insurance regulation
• The purposes of insurance regulation
• The activities of insurance regulators
• Types of insurance regulation

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E-mail: customerservice@TheInstitutes.org

Phone: (800) 644-2101

Fax: (610) 640-9576

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