The Fundamentals of Insurance course prepares students to write their Level 1 Provincial Licensing examination. They will be familiarized with insurance vocabulary, requirements of insurance licensing, ethics, and professionalism. Comparisons of coverages and exclusions for various automobile, homeowners, commercial, and accident and sickness policies are investigated. This course provides the basis for anyone requiring knowledge to enter the insurance industry. Students learn about insurance through policy interpretation. The course presents the concepts and practices used by Insurance Professionals in areas such as sales, service, marketing, claims, and underwriting. Questions and study checklists are included at the end of each chapter, with four section reviews and ten quizzes interspersed throughout the lessons to reinforce the concepts covered and to help students measure their progress.
Course manual provided for on-going reference. There is a final exam upon completion of the course. Participants who receive a minimum of 75% as a final mark on this course will receive a certificate.
Lesson 1: Introduction
Lesson 2: Introduction to General Insurance
Lesson 3: Insurance Contracts
Lesson 4: The Role of Government in the Insurance Industry
Lesson 5: The Insurance Process
Lesson 6: Regulation of Brokers
Lesson 7: General Section Review
Lesson 8: Property Insurance Policies
Lesson 9: Personal Property (Habitational) Insurance
Lesson 10: Co-Insurance Clause
Lesson 11: Property Insurance Review
Lesson 12: Commercial Property Liabilities
Lesson 13: Principles of Legal Liability
Lesson 14: Introduction to Liability Insurance
Lesson 15: Liability Insurance Policies
Lesson 16: Liability Review
Lesson 17: Accident and Sickness Insurance
Lesson 18: Introduction to Automobile Insurance
Lesson 19: Automobile Insurance–The Policy
Lesson 20: Automobile Insurance–Statutory Conditions and Endorsements
Lesson 21: Automobile Review
Lesson 22: Final Review
Lesson 23: Final Exam Review
Program: Business Programs
Of interest to: Those interested in being employed as a professional in the insurance industry.
Course aim: To introduce insurance concepts and prepare students for the Level 1 Insurance License exam through the local Provincial Insurance Council.
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