Life & Health Insurance Law

Overview

On a daily basis, life and health producers deal with the formation and execution of legal contracts that take form and shape as insurance policies. Accordingly, producers should understand the legal concepts that are central to these contracts and to the business of transacting insurance. From an examination of insurance regulation to the basics of contract law, from the concepts of risk and insurable interest to consumer protections, this course discusses the general principles and doctrine of insurance law with which all producers should be familiar.

Learning Objectives

Upon conclusion of this course, students will be able to:

  • describe the principle of indemnity and the doctrines of insurable interest
  • understand the typical language used in policy contracts
  • cite the milestones that mark the progress and changes in insurance regulation
  • understand the application of an agency relationship, the parties to such a relationship and an insurer's potential defenses against liability
  • describe the all-important tax consequences of a life insurance policy's failure to meet the definition of life insurance, and the transfer of a life policy for valuable consideration
  • understand the problem of unauthorized entities in the insurance industry

Designed For

Life and health insurance producers

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