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