Professional Recertification (PRCE)
2 credit hours
Topics Covered: Property and Casualty, Casualty
If purchased today, this course must be completed by: September 17, 2020
Other credit types available: CE
The umbrella insurance course introduces definitions and approaches to excess liability insurance as well as the evolution and purposes of these specialized policies. Significant reasons for seeking umbrella insurance policies are discussed in the context of public opinion and the nature of jury awards. The characteristics and structure of liability claims involving both property and people are distinguished and the meaning of “a prudent and reasonable man” is offered. The nature of risk and its various categories are explored as are the methods of pricing risk. Common themes found in liability cases and in liability policies are explored. Finally, exemplary forms and charts provide illustrative context throughout the unit and a glossary of terms is provided at the end of the last module as a tool for reference and review.
Rules for American College PRCE (formerly PACE)
- Course material may not be downloaded.
- Exam is closed book.