This course provides an overview of the ethical issues facing the insurance industry and its agents today. The course addresses key issues facing insurance professionals and sets forth basic ethical standards, both expected and mandated by North Carolina law. Key issues such as full disclosure, fiduciary responsibility, advertising, and acting responsibly and professionally are emphasized.
Estate Planning I - The Planning Process
Two (2) Hours C.E.
Upon completion of this course you will understand what properties are included in an estate and the necessity of implementing an estate plan. A step by step guide is presented in the planning process from gathering the facts to choosing the appropriate tools to implement the plan. This course emphasizes the importance of working with at team of professionals, all of whom have a vital role in the implementation of the estate plan. The course stresses the importance of not overstepping the agent's boundaries and the importance of establishing relationships with other professionals to complete the plan process.
Estate Planning II - Estate Administration
Three (3) Hours C.E.
This course explains the different types of business entities. Upon completion of the course, the student will be able to explain the importance of a buy/sell agreement to a business owner and determine what type of agreement would be appropriate for each type of entity. Taxation of premiums and proceeds of an insurance funded by a buy/sell agreement will also be covered. Key Employee Insurance will also be discussed and will include funding options, taxation of premiums, proceeds from a life insurance policy, and how to identify who is a key employee. Business Overhead Expense policies will be reviewed, as well as different types of overhead expenses covered by such a policy.
The mandatory Flood Insurance course gives a brief history of Flood Insurance Including the Mississippi River Commission and the various Flood Acts since 1936. Usage of the numerous forms associated with a flood policy is discussed in detail. The requirements to comply with the Flood Insurance Reform Act of 2004 are detailed including the forms required by the Act. Flood Insurance rating and claims handling are discussed, outlining a policyholders responsibilities when filing a claim.
Auto insurance is one of the most common and important types of insurance sold to consumers. Students taking this course will learn why auto insurance is mandated by examining the basis of legal liability and who the auto policy protects them from that liability. Topics covered include, uninsured Motorist, medical payments and collision insurance. The various endorsements that can be added to a policy are discussed as well as the general policy provisions of an auto policy.
Breaks are 10 minutes each hour.
Part I of the course provides a brief history of the Medicare program as it was originally created in 1965. The course provides an in-depth overview of the coverage provided in Medicare A & B. The financing mechanism for Original Medicare is discussed as well as the penalties for failure to enroll when first eligible and failure to pay the premiums. Key legislation affecting Original Medicare in recent years is also discussed.
Part II defines Medicare supplement insurance and how the policies fill in the gaps which leave seniors on Medicare vulnerable. While underage eligibility is mentioned, this course concentrates on individuals who are 65+ years old. The 12 different Medicare supplement plans are discussed and what is covered by each plan. North Carolina law pertaining to Medicare supplement insurance is discussed with an emphasis on key elements such as enrollment periods, open enrollment, The Buyer’s Guide, tax qualified plan rules and eligibility. Federal standards will also be discussed.
Upon completion of this course, the student will understand the demographics of the Baby Boomer generation and the long term care market. Students will have an understanding of the social aspect of aging as it pertains to seniors and their emotional well being. The course discusses the various options available to the senior market and the current trends in long term care facilities. Paying for long term care is a major concern for the elderly and their families, and this course will discuss the various options available today. Long term care insurance is examined as the most sensible option for payment of long term care, including policy provisions and government regulation. Tax considerations for both individual, group and corporate are also discussed.