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Beginning on May 1st, insurance producers must have completed a one-credit CE course in order to submit new business for long-term care supplemental policies.
This course is in addition to the 8-hour LTC initial training and any subsequent 4-hour refresher training.
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A Sneak Peek inside the Property Insurance Course (Part 2):
How are loss settlements determined by insurance companies? Actual Cash Value (ACV) means the cost of repairing the damage, minus reasonable depreciation (wear and tear, deterioration and obsolescence). Replacement Cost (RC) means the current cost, at the time of loss, to repair or replace the damaged property with new materials of like kind and quality, […]
A Sneak Peek inside the Property Insurance Course (Part 1):
Insurance is designed to transfer the financial impact of a loss from an individual or company to an insurance company. In exchange for the protection (agreement of indemnification) of the insurance company, an insured must pay premiums. Property and Casualty Insurance Contracts are indemnification contracts. Indemnification means to restore a person to his or her […]
A Sneak Peek inside the Disability Insurance Course (Part 3):
How might a business benefit from different types of Disability insurance policies? Buy-Out, a.k.a. Buy-Sell, is an agreement to buy out the interest of a partner or a persons’ interest in a firm, following a disability. A Disability Income policy would fund the buy-out agreement. Disability Buy-Sell coverage can be designed to provide benefits to […]