ERIS

Control of Well/Operators Extra Expense Risks and Insurance

Course Details

price
$149.00
This course is not subject to discount pricing.

Additional Credit Available:

Add AFIS Renewal Credit
Add CRIS Renewal Credit
Add MRIS Renewal Credit
Add MLIS Renewal Credit
Add TRIP Renewal Credit
Add Insurance CE

Delivery Method: 

QAS Self-Study

PDF Download: 

Available

Provider of Record: 

WebCE

Field of Study: 

Specialized Knowledge

Prerequisites: 

None

Access Period:

12 months

Exam Requirements

Proctor Required: 

No

Passing Grade: 

70%

Questions: 

50

Retakes: 

Unlimited

Please note: Adding Additional Credit may change exam requirements.

Overview

As long as there are oil wells there is a potential for well control problems. Fortunately, insurance exists to address the monumental expenses that result when a blowout or other well control event occurs. This course reviews well control problems, emphasizing factors leading to blowouts and prevention features. It covers insurance options for blowout expenses, including main insuring agreements, conditions, warranties, and additional coverages. The course concludes with a case study of an actual blowout. 

Learning Objectives

  • identify the elements that make up the anatomy of a well and the techniques used to drill a well
  • identify the well drilling characteristics and techniques that are designed to maintain control over a well and prevent or control blowouts
  • recognize the structure of a typical well control policy and the coverages, limitations, exclusions, and key issues associated with control of well, extra expense and seepage, pollution, and contamination coverage
  • recognize the coverage added by the adoption of optional coverages or endorsements

Designed For

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

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.

Advanced Preparation

None

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