PRL 155 - Insurance Law and Reg Compl

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Voc/Tech

This course will cover an introduction to insurance law. The course will include the history and types of insurance, principles of indemnity, interests protected, the transfer of risk and claims processes. An examination of, and requirements for, organizations maintaining compliance with regulatory schemes, emphasis on federal regulations will also be included.
Prerequisite: PRL 102, PRL 103, PRL 112
Competencies

Investigate the History of the Insurance Industry
1. Describe the Objectives of Insurance Regulation
2. Identify Governing Authority
Examine the Insurance Contract
1. Discuss Parties to Contract
2. Define Terms of Contracts
Analyze Various Types of Commercial Insurance Coverage
1. Describe Worker’s Compensation Insurance
2. Discuss General Liability Insurance
3. Identify Property and Casualty Insurance
4. Discuss Business Automobile Insurance
Compare Various Types of Personal Insurance Coverage
1. Describe Homeowner’s Insurance
2. Discuss Personal Automobile Insurance
Research Other Types of Insurance Coverage
1. Investigate Excess and Surplus Insurance
2. Summarize Pet Insurance
3. Explain Title Insurance
4. Classify Health and Disability Insurance
5. Outline National Flood Insurance Program
Evaluate Various Regulatory Compliance Schemes
1. Discuss Insurance Industry Compliance
2. Describe Various Employer Regulatory Compliance
3. Investigate Other Industry Compliance Schemes