Insurance > Iowa > Property and Casualty

Credit Insurance

Overview

Businesses are often good at protecting themselves from obvious risks of property damage and liability. But what about the risk of customer nonpayment? Businesses are not nearly as likely to be covered for that, although they could be. This course discusses the insurance that covers the risk that a customer may not, under certain circumstances, pay a supplier for goods or services sold on credit. Credit insurance is specifically designed to protect commercial businesses from the risk of customer nonpayment. And it is to a businesses’ benefit that this important coverage be considered

Summary Details

Hours

4.0

Price

$19.95







Learning Objectives

  • identify the types of losses that can be covered by credit insurance,
  • recognize the benefits that credit insurance can provide to a commercial business client,
  • distinguish between the major features of credit insurance and the major provisions of a typical credit insurance policy,
  • identify steps in the process of procuring credit insurance, and
  • recognize the essential elements and steps in a typical credit insurance claims procedure.


Designed For:

Property and casualty risk, safety, insurance, and finance professionals

IMPORTANT NOTICE FROM THE IOWA DOI: The Iowa DOI recommends that producers purchase and complete CE at least one month prior to the agent's expiration date. Click to view entire Notice

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA)as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Course Information

Adding additional credit may change exam requirements.

Access Period: 12 months
Prerequisites: A basic understanding of accounts receivable transactions
Advanced Preparation: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 12712
Field of Study: Specialized Knowledge
Last Reviewed: April 2023
Study Level: Intermediate
Approved For: Property and Casualty

Exam

Proctor: Yes
Passing Grade: 70
Questions: 25



Recent Customer Course Comments

Comments are from students across the country who have recently completed the latest version of the course(s).