- Fees: $300
- CPD: 3 Hours
- Subject: Management
- Language: English
- Difficulty: Intermediate
- Platform: Zoom / E-Learning
Course description
This course is designed to provide a comprehensive understanding of risk management and insurance and to equip students with the knowledge to make informed decisions related to their own personal risk management and insurance needs.
What you'll learn
- Explain how the actual cash value rule supports the principle of indemnity
- Describe the nature and purposes of the principle of insurable interest
- Explain the principle of subrogation
- Explain the purposes of subrogation
- List the major exceptions to subrogation
- Explain the principle of utmost good faith
- Show how the legal concepts of representations, concealment, and warranty support the principle of utmost good faith
- Describe the legal requirements for the formation of a valid insurance contract
- Identify the distinct legal characteristics of insurance contracts that make them different from other legal contracts
- Explain the law of agency and how it affects the actions and duties of insurance agents.
