online continuing Education For insurance providers - Economical, efficient, effective

Like many other service professionals, registered Insurance agents and adjusters are required to stay up to date with the latest rules, regulations, and best practices of their industry through regular Insurance Continuing Education (CE) training. While each state has its own unique licensing requirements, all states require some level of periodic Insurance CE to maintain a license in that state.Typically, a minimum number of insurance CE credits must be earned every two years. The providers of continuing education training must themselves be certified to train in the state in which the insurance professionals are licensed.Once...

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Lifeinsurance continuing Education For insurance agents

Life insurance continuing education classes are offered by most states offline and online, primarily focusing on recent updates on rules/features, business plans and marketing strategies that dictate the sale of Life Insurance policies. The objective of insurance continuing education is to train up the life insurance professionals in a way so that they are equipped to meet all CE requirements related to insurance in the most professional manner.Life insurance is undoubtedly one of the most lucrative insurance products for insurance companies and yet the most difficult to sell, due to its long-term policies and marginally higher than...

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continuing Education For insurance agents And brokers

This is the reason why every state has made it mandatory for insurance professionals to enroll themselves for some stipulated hours of training for earning insurance credits for retention of license. Insurance agent continuing education is available in traditional institutions in classroom style as well as online training centers. Insurance continuing education online is a boon for those professionals who are pressed for time and do not have enough hours free to spend in regular classes. This enables them to gain credentials and education credits without taking the trouble of attending actual classes.For beginners it's an easy portal...

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Basics of 'Lemon Law'

What is Lemon LawA "Lemon Law" is a state law that protects purchasers of motor vehicles. Lemon Laws define the rights and remedies that a consumer has if he has purchased a defective motor vehicle. In certain states, the Lemon Law only protects consumers who have purchased brand new personal use cars, trucks, vans and SUV's, while in other states, the Lemon Law protection extends to used vehicles, motorcycles, recreational vehicles (RV's) and more. Why 'Lemon' Law? A "Lemon" is term that is used to reference a defective product. State Lemon Laws set forth the particular terms that define what a lemon vehicle is, but there are general parameters that are found in all states' Lemon Laws.  Basis of Lemon Law Generally, a vehicle is considered a Lemon if it exhibits defects or non-conformities...

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Insurance financing vehicles

Fraternal insurance is provided on a cooperative basis by fraternal benefit societies or other social organizations. No-fault insurance is a type of insurance policy (typically automobile insurance) where insureds are indemnified by their own insurer regardless of fault in the incident. Protected self-insurance is an alternative risk financing mechanism in which an organization retains the mathematically calculated cost of risk within the organization and transfers the catastrophic risk with specific and aggregate limits to an insurer so the maximum total cost of the program is known. A properly designed and underwritten Protected Self-Insurance Program reduces and stabilizes the cost of insurance and provides valuable risk management information. Retrospectively rated insurance...

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Credit Insurance

Credit insurance repays some or all of a loan when certain circumstances arise to the borrower such as unemployment, disability, or death.Mortgage insurance insures the lender against default by the borrower. Mortgage insurance is a form of credit insurance, although the name "credit insurance" more often is used to refer to policies that cover other kinds of debt. Many credit cards offer payment protection plans which are a form of credit insuranc...

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Liability Insurance

Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. For example, a homeowner's insurance policy will normally include liability coverage which protects the insured in the event of a claim brought by someone who slips and falls on the property; automobile insurance also includes an aspect of liability insurance that indemnifies against the harm that a crashing car can cause to others' lives, health, or property. The protection offered by a liability insurance policy is twofold: a legal defense in the event of a lawsuit commenced against the...

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Property Insurance

Property insurance provides protection against risks to property, such as fire, theft or weather damage. This may include specialized forms of insurance such as fire insurance, flood insurance,earthquake insurance, home insurance, inland marine insurance or boiler insurance. The termproperty insurance may, like casualty insurance, be used as a broad category of various subtypes of insurance, some of which are listed below:US Airways Flight 1549 was written off after ditching into the Hudson RiverAviation insurance protects aircraft hulls and spares, and associated...

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Burial insurance

Burial insurance is a very old type of life insurance which is paid out upon death to cover final expenses, such as the cost of a funeral. TheGreeks and Romans introduced burial insurance circa 600 AD when they organized guilds called "benevolent societies" which cared for the surviving families and paid funeral expenses of members upon death. Guilds in the Middle Ages served a similar purpose, as did friendly societies during Victorian tim...

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Life Insurance

Life insurance provides a monetary benefit to a descendant's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies, are regulated as insurance, and require the same kinds of actuarial and investment management expertise that life insurance requires. Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial...

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Casualty

Casualty insurance insures against accidents, not necessarily tied to any specific property. It is a broad spectrum of insurance that a number of other types of insurance could be classified, such as auto, workers compensation, and some liability insurances.Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement. Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions could result in a los...

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Accident, sickness and unemployment insurance

Disability insurance policies provide financial support in the event of the policyholder becoming unable to work because of disabling illness or injury. It provides monthly support to help pay such obligations as mortgage loans and credit cards. Short-term and long-term disability policies are available to individuals, but considering the expense, long-term policies are generally obtained only by those with at least six-figure incomes, such as doctors, lawyers, etc. Short-term disability insurance covers a person for a period typically up to six months, paying a stipend each month to cover medical bills and other necessities. Long-term disability insurance covers an individual's expenses for the long term, up until such time as they are considered permanently disabled...

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Health insurance

Health insurance policies cover the cost of medical treatments. Dental insurance, like medical insurance, protects policyholders for dental costs. In the U.S. and Canada, dental insurance is often part of an employer's benefits package, along with health insuran...

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Home insurance

Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who rent housing. In some countries, insurers offer a package which may include liability and legal responsibility for injuries and property damage caused by members of the household, including pe...

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Auto insurance

Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision.Coverage typically includes:Property coverage, for damage to or theft of the car; Liability coverage, for the legal responsibility to others for bodily injury or property damage; Medical coverage, for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses. Most countries, such as the United Kingdom, require drivers to buy some, but not all, of these coverages. When a car is used as collateral for a loan the lender usually requires specific covera...

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Types of Insurance

Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are non-exhaustive lists of the many different types of insurance that exist. A single policy may cover risks in one or more of the categories set out below. For example, vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) and the liability risk (legal claims arising from anaccident). A home insurance policy in the U.S. typically includes coverage for damage to the home and the owner's belongings, certain legal claims against the owner, and even a small amount of coverage for medical expenses...

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Insurance

Insurance is a risk management technique primarily used to hedge against the risk of a contingent, uncertain loss that may be suffered by those individuals or entities who have an insurable interest in scarce resources, by transferring the possibility of this loss from one interested person, persons, or entity to another. The scarce resources referred to here fall into three divisions: human resources, financial resources, and capital, or tangible resources. In the context of insurance, scarce resources are also known as "exposures," because they are "exposed" to perils, those things, or forces, which cause destruction or reduction, in the usefulness, or value, of an exposed resource. Human resources are thus exposed to perils such as illness or...

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