Hot Topics in Personal Lines
Live Webcast

Hot Topics in Personal Lines


Total Credits: 2 including 2 CE Credit

Average Rating:
  4.4   (8 comments)
Category:
Personal Lines |  Personal Lines - Basic
Faculty:
Richard S. Pitts
Duration:
2 hrs
License:
Access for 30 day(s) after program date.



Description

Course Description:

This seminar begins with a practically oriented inquiry into how losses are adjusted on a day-to-day basis.  The seminar introduces not only the two key adjustment valuation measures – “actual cash value” and “replacement cost” – but also stresses to the students that the concepts are not as uniform and concrete as industry practice may suggest.  It then explains why this matters and includes practical illustrations of loss adjustment scenarios in which it is either impractical, impossible, or at least implausible to recreate precisely what the insured had prior to the loss.  These situations include older homes with ornate or impossible to replace materials; farm structures which cannot be rebuilt; and similar instances in which loss adjustment or settlement is complicated.

The seminar then turns to the increasingly frequent and vexing problem of who is a “resident” of a household for insurance purposes.  For nearly two decades, states such as Indiana has used formulations such as, “[O]n the whole, the person will be a resident if all the facts demonstrate that he or she has maintained a ‘fixed abode’ in the household for some continuous time.”  (Allstate Insurance Co v. Shockley (S.D. In. 1991)).

Practically speaking, this is not of much assistance to producers.  The section (and the problem) is illuminated by examining some of the other rules for “residency,” such as:

  • The person need not be a permanent member of the household.
  • The person must possess the subjective intent to stay for more than a “transitory” period;
  • That subjective intent may be found in objective words and actions.

The seminar then turns to issues connected with having a personal lines insured operate a business out of the insured home.  This section discusses the prevalence of such arrangements, and also how those arrangements are treated under industry standard forms.  This section concludes with a discussion of case law. 

Presenter  Richard S. Pitts

 

 

 

 

Course Materials

Dates

Thu, Dec 06, 2018 - 11:00a to 01:00p EST
Thu, Jan 03, 2019 - 11:00a to 01:00p EST
Thu, Feb 07, 2019 - 11:00a to 01:00p EST
Thu, Mar 07, 2019 - 11:00a to 01:00p EST
Thu, Apr 04, 2019 - 11:00a to 01:00p EDT
Thu, May 02, 2019 - 11:00a to 01:00p EDT
Thu, Jun 06, 2019 - 11:00a to 01:00p EDT
Tue, Jul 23, 2019 - 11:00a to 01:00p EDT
Thu, Aug 01, 2019 - 11:00a to 01:00p EDT
Thu, Sep 05, 2019 - 11:00a to 01:00p EDT
Thu, Oct 03, 2019 - 11:00a to 01:00p EDT
Thu, Nov 07, 2019 - 11:00a to 01:00p EST
Thu, Dec 05, 2019 - 11:00a to 01:00p EST

State Specific Details

State Approval Information Details

TN, SC - This course is approved for 2 hrs CE in these states
SC:  This course is approved in SC but please complete the required affidavit in the materials section (zip file - IMPORTANT CE INFORMATION & STATE REQUIRED FORMS)

OH - This course is approved for 2 Hours CE in Ohio - Course#37932

NJ - This course is approved for 2 hours CE in New Jersey -

Course # 88892516

VT - This course is approved for 2 hrs CE - Course # 25301

UT - This course is approved for 2 hrs CE - Course # 29361

MD - This course is approved for 2 hrs CE - Course # C12292

AZ - This course is approved for 2 hrs CE - Course #101501

KS - This course is approved for 2 hrs CE - Course # 989085 Gen-2 - Note -  KAIA will file your earned CE electronically within 10 business day after course completions

KY - This course is approved for 2 hrs CE - Course#C60292

GA - This course is approved for 2 hrs CE - Course#52283

LA - This course is approved for 2 hrs CE - Course#30338

 

 

 


Reviews

5
4
3
2
1

Overall:     4.4

Total Reviews: 183

Comments

Miriam G - Myrtle Beach, South Carolina

"This instructor is very knowledgeable and incorporates some humor into his information! Great webinar."

Tina H - Myrtle Beach, South Carolina

"Great course!"

Joyce S - Fairlawn,

"AWESOME class ! "

Conrad M - Rock Hill, South Carolina

"Very informative! "

Lauren B - Sumter, South Carolina

"Great webinar"

Lori K - Summerville, South Carolina

"Wish the sound was crisper"

C NICHOLE H - HEMINGWAY, South Carolina

"great course"

Kathy T - Lancaster, Ohio

"Liked the home business portion the most."

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