C11 – Principles and Practice of Insurance

June 21st, 2009 Leave a comment Go to comments



We strongly recommend that you take this course first. Regardless, it must be one of the first four courses taken. C11 is an overview—the foundation of your CIP studies. You are introduced to risk and shown how insurance deals with it. You study the basic concepts and language of insurance; the legal context of insurance; and the participants in the industry and their relationship to each other. Specific types of insurance are not discussed. The principles you learn here underlie every situation you will encounter in insurance and every policy and course you will study.

Chapter Outlines:

  • Risk and insurance
  • History and functions of insurance
  • Ratemaking, underwriting, and rating
  • The insurer
  • Insurance distribution and insurance intermediaries
  • The law and the judicial system
  • The law of contract: common law and the Civil Code of Québec
  • The insurance contract
  • Insurance documents and processes
  • Adjusters and the claims process
  • Reinsurance
  • Insurance organizations
  • The customer

Study Notes:

  1. Sonya
    June 9th, 2009 at 07:56 | #1
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    Great help! Thanks!

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