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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

American Educational Institute, Inc. (AEI) | Evaluated Learning Experience

Liability Insurance Principles (210)

Course Category: 
Length: 
Approximately 15 hours of structured independent study.
Location: 
Independent Study program administered through the offices of American Educational Institute.
Dates: 
May 2004 - Present.
Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of the course, students will be able to: discuss insurance coverages including public liability, employer's liability, and workers compensation, as well as fidelity and surety bonds; explain the basic concepts of insurance law needed to understand third party coverages as they are interpreted in the courts; discuss the liability insurance policy and its common policy provisions; and discuss the rights and duties of both the insured and insurer under a liability insurance policy.

Instruction: 

Major topics are: fundamental principles of liability insurance and the insurance contract liability policy conditions; the rationale of various courts deciding issues of coverage; the insured's duty of cooperation and the insurer's duties to defend and settle; requirements of unfair claims practices statutes and liability for bad faith. In addition to AEI produced textbook, students receive actual court decisions, which relate to the subject matter and present real-life court opinions that illustrate how courts have ruled in the past and are likely to rule in the future on important issues in claims. A proctored examination is administered for both levels of the credit recommendation. Scenario and case study-based questions, built around actual claims situations, challenge students to analyze and solve problems using applicable principles of claims law that parallel their own claim files. To broaden students' knowledge of the subject, graded exams are returned with helpful comments that provide a written explanation of why each answer is correct or incorrect. For the graduate level credit recommendation, students also prepare and submit an appropriate graduate level research project on a pre-approved topic or issue, in accordance with AEI's specific guidelines.

Credit recommendation: 

In the upper division baccalaureate degree category OR in the graduate degree category, 1 semester hour in Liability Insurance or Insurance Law or Business Law (5/10) (5/15 revalidation) (6/20 revalidation).

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