Field Underwriting Personal Auto Insurance

Evaluating the Risks of Auto Drivers

$8.00 + your state filing fee
4 Credit Hours

This course favors P&C insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • A deep dive into personal auto insurance to give agents a deep understanding of the underwriting process that is expected of them as field underwriters
  • Provide insight on what home office underwriters consider acceptable and unacceptable risks
  • A discussion on how to maximize approval of coverages and minimize any delays and declinations – resulting in happier, and safer clients

Summary

The importance of personal auto insurance in today’s insurance industry, marketplace and state government cannot be overstated. This course will give person auto insurance agents a deep understanding of the underwriting process that is expected of them as field underwriters by providing insight on what home office underwriters consider acceptable and unacceptable risks. Agents will walk away with a better understanding to help them maximize approval of coverages and minimize any delays and declinations – resulting in happier, and safer clients.

Outline

1. Introduction

  • 1.1 Purpose of the Course
  • 1.2 Evaluating Risk
  • 1.3 Summary
  • Chapter 1 Quiz

2. Personal Auto Application

  • 2.1 Applicant’s Name and Address
  • 2.2 Policy Period
  • 2.3 Residence
  • 2.4 Garage Location
  • 2.5 Vehicle Description and Use
  • 2.6 Summary
  • Chapter 2 Quiz

3. Coverage

  • 3.1 Single Limit Liability
  • 3.2 Bodily Injury Liability
  • 3.3 Property Damage Liability
  • 3.4 Personal Injury Protection
  • 3.5 Additional Personal Injury Protection
  • 3.6 Uninsured Motorist Coverage
  • 3.7 Underinsured Motorist Coverage
  • 3.8 Comprehensive Coverage
  • 3.9 Collision Coverage
  • 3.10 Actual Cash Value
  • 3.11 Towing and Labor Coverage
  • 3.12 Transportation Expenses
  • 3.13 Summary
  • Chapter 3 Quiz

4. Coverage Continued

  • 4.1 Additional Coverage and Endorsements
  • 4.2 Resident and Driver Information
  • 4.3 Accidents and Convictions
  • 4.4 Additional Interest
  • 4.5 Employment Information
  • 4.6 Prior Coverage
  • 4.7 General Information
  • 4.8 Remarks
  • 4.9 Attachments
  • 4.10 Binder and Signature
  • 4.11 Summary
  • Chapter 4 Quiz

5. Reports and Definitions

  • 5.1 Credit Bureau Report
  • 5.2 Loss History/CLUE
  • 5.3 Personal Inspection Reports
  • 5.4 Definitions

6. Conclusion

  • 6.1 Conclusion

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.