Ill. Admin. Code tit. 50, pt. 3119, exh. H
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. | Negligence | |||||
G. | Liability | |||||
H. | Accident | |||||
I. | Occurrence | |||||
J. | Burglary | |||||
K. | Robbery | |||||
L. | Theft | |||||
M. | Mysterious disappearance | |||||
N. | Fidelity (employee dishonesty) | |||||
O. | Warranties | |||||
P. | 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. | Proof of loss (notice of claim) | |||||
I | Arbitration | |||||
J. | Pro-rata liability (other insurance) | |||||
K. | Subrogation | |||||
L. | Compliance with provisions of Fair Credit Reporting Act | |||||
III. | Types of Policies | 25% | ||||
A. | General Liability | |||||
1. | Owners, landlords, and tenants | |||||
2. | Manufacturers, contractors | |||||
3. | Products and completed operations | |||||
4. | Contractual liability | |||||
5. | Comprehensive general liability | |||||
B. | Automobile-Personal and commercial auto insurance, including assigned risk and involuntary plans | |||||
C. | Workers Compensation | |||||
D. | Crime | |||||
1. | Fidelity | |||||
2. | Open stock burglary | |||||
3. | Mercantile robbery and safe burglary | |||||
4. | Money and security broad form | |||||
IV. | Perils, Exclusions, Deductibles, and Liability | 24% | ||||
A. | Bodily injury and property damage liability | |||||
B. | Perils covered | |||||
C. | Exclusions, extensions, limitations, and conditions | |||||
D. | Limits of liability | |||||
E. | Deductibles | |||||
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 exposures 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, policy loans, 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, and binder charges) | |||||
Ill. Admin. Code tit. 50, pt. 3119, exh. H