Upon successful completion of this course, students will be able to:

• list and describe the insuring agreements found in PL and ML insurance policies;
• explain how these insuring agreements apply to actual claim situations and offer examples of how they can be modified to expand the scope of coverage the policies can provide for an insured;
• state the types of losses that are covered or excluded by PL and ML policy forms and state the rationales for coverage or exclusion, especially as respects punitive damages;
  
• analyze the ways in which the different types of limits, deductibles/retentions, and coinsurance provisions apply to various PL and ML policies and understand how they restrict but, in some cases, expand the scope of coverage under a given policy;
• identify the important policy conditions found within PL and ML policy forms and discuss the ways in which they affect the respective rights and responsibilities of both the insurer and the insured;
• list and classify the major exclusions found within PL and ML policies into one of the four major groups of exclusions;
  
• explain the importance of coordinating PL and ML coverage in preventing coverage gaps and overlaps and provide examples of how PL/ML policies can be coordinated with (1) each other and (2) with other types of insurance policies such as CGL insurance.