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THE FUNDAMENTALS OF INSURANCE PROGRAM
The Fundamentals of Insurance program is recognized in many Canadian provinces as an excellent prelicensing study for general insurance brokers.
The course focuses primarily on the many insurance needs of the consumer. It follows the lives of the Butlers, a hypothetical family, who serve as an example to illustrate the workings of various insurance concepts. The main intent of this strategy is to break down the many barriers to learning that are inherent in specialized or technical disciplines such as insurance.
PROGRAM OVERVIEW
The successful completion of this foundation course satisfies the education requirement for a Level 1 license in some provinces.
Starting with the history of insurance, this course will guide you through definitions, functions, and major classes of the organization of insurance.
Topics also include:
- Introduction to General Insurance
- Insurance Contracts
- Role of Government in the Insurance Industry
- Insurance Process
- Common Characteristics of Property Insurance Policies
- Personal Property (Habitational) Insurance
- Commercial Property Insurance
- Principles of Legal Liability
- Introduction to Liability Insurance
- Liability Insurance Policies
- Accident and Sickness Insurance
- Introduction to Automobile Insurance
- Automobile Insurance – The Policy
- Statutory Conditions and Endorsements
- Regulation of Brokers
PROGRAM OUTLINE
Study Formats
Fundamentals of Insurance is available in four study options:
1. Immersion Courses
This option consists of a week-long course, where you participate in intensive exercises and discussions. A final exam is held on the last day of the immersion class.
Important: Immersion course students are required to read the study material before attending the course. If possible, please register at least one month prior to the immersion course start date so that you have enough time to receive your study materials and adequately prepare for the course.
2. Discussion Group
Classroom groups emphasize active participation and are a forum for the sharing of ideas.
3. On-Line
Some provincial assocations offer the Fundamentals of Insurance program in an on-line format.
4. Self-Study
The self-study format is geared to students who want a more flexible schedule or are in a remote location. An additional text in the form of a student self-study guide is provided.
For more information or to register, contact a professional development specialist in your provincial insurance brokers association. »
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