Illinois Administrative Code
Title 50 - INSURANCE
Part 3119 - PRE-LICENSING AND CONTINUING EDUCATION
Exhibit G - COURSE OF STUDY - FIRE
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Course of Study Content Requirements |
Time Distribution Requirements |
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I. |
Insurance and Insurance-Related Concepts |
25% |
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A. |
Risks |
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B. |
Hazards |
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C. |
Indemnity |
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D. |
Insurable interest |
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E. |
Actual cash value |
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F. |
Replacement cost |
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G. |
Coinsurance |
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H. |
Specified (named) perils |
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I. |
All-risk |
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J. |
Burglary |
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K. |
Robbery |
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L. |
Theft |
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M. |
Mysterious disappearance |
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N. |
Negligence |
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O. |
Liability |
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P. |
Accident |
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Q. |
Occurrences |
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R. |
Warranties |
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S. |
Representations |
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II. |
Policy Provisions |
20% |
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A. |
Declarations |
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B. |
Definition of the insured |
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C. |
Insuring agreement |
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D. |
Duties of the insured |
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E. |
Obligations of the company |
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F. |
Cancellation and nonrenewal provisions |
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G. |
Supplementary payments (additional coverages) |
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H. |
Vacancy and unoccupancy |
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I. |
Abandonment |
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J. |
Mortgage rights |
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K. |
Proof of loss (notice of claim) |
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L. |
Appraisals |
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M. |
Pro-rata liability (other insurance) |
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N. |
Assignment |
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O. |
Subrogation |
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P. |
Compliance with provisions of Fair Credit Reporting Act |
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III. |
Types of Policies |
25% |
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A. |
Standard fire policy |
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1. |
General property form including extended coverage |
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2. |
Time element policy |
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a. |
Gross earnings |
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b. |
Earnings |
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c. |
Extra expense |
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B. |
Homeowners |
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C. |
Inland marine-Personal article floater and pleasure craft |
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D. |
Special multi-peril |
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E. |
National flood |
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F. |
FAIR plan |
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G. |
Mine subsidence |
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IV. |
Perils, Exclusions, Deductibles, and Liability |
24% |
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A. |
Property covered |
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B. |
Perils covered |
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C. |
Exclusions, extensions, limitations, and conditions |
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D. |
Deductibles |
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E. |
Limits of liability |
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F. |
Bodily injury and property damage liability |
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V. |
Prospecting and Evaluating Needs |
2% |
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A. |
Keeps current as to changes (e.g., markets, introduction of new coverages) in types of coverages that might expand coverage for current clients or increase the number of potential clients |
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B. |
Reviews prospect's existing policies to prevent duplication of coverage and determine areas of further potential coverage |
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C. |
Obtains information necessary to analyze risks, hazards, and exposures |
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D. |
Analyzes risks, hazards, and exposure in order to determine prospect's needs |
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E. |
Evaluates continued adequacy of protection, determines unprotected exposures, and recommends suitable changes in coverage |
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F. |
Contacts accounts at renewal time and reviews existing policies |
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VI. |
Servicing Clients |
2% |
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A. |
Explains services (e.g., claims, safety programs) provided by insurance producer and company |
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B. |
Assists policyowner with service needs (e.g., change of name, change of mode of premium payment) |
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C. |
Maintains accurate records of client data (e.g., change of address) |
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D. |
Assists in filing and following up in claims |
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VII. |
Presentation and Acceptance |
2% |
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A. |
Informs insured and carrier of date and time coverage takes effect |
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B. |
Prepares and forwards proposal, application, and other pertinent information to appropriate carrier for underwriting and premium determination |
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C. |
Maintains complete records of all business transactions as required (e.g., pending files, binders, binder charges, and premium accounting) |
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