Short-Term Insurance (Personal Lines 2021)

Learners will gain sufficient knowledge and understanding of specific short-term insurance policies to render financial services adequately.

The course will provide learners with enough knowledge to determine the appropriateness of a product in terms of the client’s specific needs.

The following subclasses will be covered in this course:

• Accident and health policy

• Liability policy

• Miscellaneous policy

• Motor policy

• Property policy

• Transportation policy

• Short-term reinsurance policy

Learning Objective:

At the end of this course, the learner will have core knowledge of the following:

• the range of financial products in short-term insurance: Personal Lines

• the general characteristics, terms and features of specific short-term insurance products

• the fee structures, charges and other costs associated with these specific products

• general risks associated with  purchasing one of the short-term insurance products

• the typical role players in the short-term industry

• the impact of applicable legislation

• the inter-relationship between short-term insurance and other classes of business

• industry standards and codes