Insurance Law Fundamentals.

This Continuing Legal Education course is designed for legal professionals seeking to deepen their understanding of insurance principles, policies, and practices. Participants will explore the origins and evolution of insurance, types of insurance policies, and the financial mechanisms behind insurance companies. The course will also cover practical aspects such as conflict identification, policy exclusions, and effective communication with insurers. By the end of this course, attendees will have the knowledge and skills necessary to navigate insurance-related legal issues confidently.

Learning Objectives:

1. Understand the Historical Background of Insurance:
2. Learn about the origins and evolution of insurance.
3. Recognize how historical developments have shaped modern insurance practices.
4. Identify and Differentiate Types of Insurance Policies:
5. Distinguish between third-party, first-party, and hybrid insurance policies.
6. Understand the specific coverage and obligations associated with each type.
7. Analyze How Insurance Companies Operate:
8. Comprehend the premium and investment models of insurance companies.
9. Calculate profit margins based on premiums collected and claims paid.
10. Navigate Common Insurance Conflicts and Exclusions:
11. Identify potential conflicts of interest and common policy exclusions.
12. Learn how to handle these conflicts to protect clients' interests effectively.
13. Apply Practical Tips and Strategies in Insurance Law:
14. Develop skills to read and interpret declaration pages and policy language.
15. Gain insights into effective tendering and additional insured endorsements.