Additional CE > Texas > Property and Casualty

Understanding Subrogation

Overview

Fundamental to insurance is the concept of subrogation. Subrogation occurs when an insurance company pays a claim and then seeks to recover what it paid from the party that caused the loss. Subrogation recoveries can be a significant source of revenue for insurance companies, and helps insurers hold down premiums, as well as shift the costs of a loss to the party actually responsible. This course provide an understanding of subrogation, how it works and how waivers of subrogation can impact recovery.

Summary Details

Hours

4.0

Price

$16.95







Learning Objectives

  • Identify the elements and purposes of subrogation
  • Distinguish between legal and contractual subrogation
  • Recognize the distinctive elements of common policies' subrogation provisions
  • Recognize ways in which subrogation waivers can be used as a risk management technique


Designed For:

Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career

Important Study Requirements: The Texas DOI does not permit agents to access the final exam until the student's time in the course equals the number of approved credit hours.

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: None
Delivery Method: Self-Study
PDF Download: Available
Provider of Record: WebCE
Provider Number: 46877
Study Level: Intermediate
Approved For: General

Exam

Proctor: No
Passing Grade: 70
Questions: 40



Recent Customer Course Comments

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