Legal Environment of Insurance

Level: Intermediate

Why you need this course:
After completing this course, you’ll be able to examine the factors that can affect genuine assent in an insurance contract that you purchase.

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

• Describe the common-law system.
• Contrast civil and criminal law.
• Explain how liability is determined and remedied under tort law.
• Explain the ways in which contract law influences the insurance industry.
• Given a case, determine whether the elements of a contract are present.
• Explain how void, voidable, and canceled contracts are unenforceable.
• Explain how fraud, concealment or misrepresentation, mistake, duress, or undue influence affects the genuineness of assent and insurance contract enforcement.
• Describe the common agency relationships in the insurance industry.

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

Legal Environment of Insurance Topics Include:

• The common-law system
• Civil law in comparison to criminal law
• How liability is determined and remedied under tort law
• The ways in which contract law influences the insurance industry
• Determining whether the elements of a contract are present
• Why void, voidable, and canceled contracts are unenforceable
• How fraud, concealment or misrepresentation, mistake, duress, or undue influence affect the genuineness of assent and insurance contract enforcement.
• The common agency relationships in the insurance industry

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