Chapter 19 Contract Formation and Related Underwriting Issues

Policy Formation

[A] Introduction

[B] Offer and acceptance

[1] General Principles

[2] Counteroffers and renewals

 

 

 

 

 

 

 

 

[C] Consideration

[D] Essential Terms

[E] Unilateral Modification

Insurance Intermediaries

[A] Application Process

[B] Misrepresentation

[1] Rescission

[2] Key concepts

[a] Representation

[b] Omissions

[c] Materiality

[d] Reliance

[e] Intentionally or Willfulness

Insurance Binders

[A] Introduction

[B] The Nature of an Insurance Binder

[C] Requirements for an Enforceable Binder

 

Missing Policy Issues

[A] Introduction

[B] Proving the existence of Missing Policies

[C] Types of secondary Evidence

[1] witnesses

[2] Documents

[D] Proving Material Terms

Named Insureds and additional Insureds

[A] Named Insured

[B] Additional Insureds

[1] Introduction

[2] Certificates of Insurance

[3] The Interrelationship Between Named Insured and additional Insureds

[4] Vendor's Endorsement

[a] Introduction

[b] Policy language

[c] Legal Issues

[d] The named Insured's Perspective

Cancellation

*****Lecture seminar this course is 2.0 hours for Continuing Education (CE). This course includes current cases and the change of how the court view aspects of Underwriting Issues/ practices. Course study for Professional Designation  requires 7 hours study time. Student can accept a professional designation of particularity with a designation in (ICCU) Insurance claims consultant in Underwriting.  

This is a great course for professionals who are looking to enter the field of Underwriting.

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