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.
The Homeowners course covers the eligibility guidelines for the six major policies in the HO 2000 program that cover homeowners, renters, and owners of condominiums or cooperatives. The Homeowners 2, broad form (HO-2) policy is a named-perils policy that specifically covers perils enumerated in the policy including, windstorm, lightning, or hail and fire.
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.
This course discusses the qualifications for qualified retirement plans - the tax advantages, general requirements, and eligibility. The taxation of qualified plans is covered for the employer and the employee, as well as contributions and distributions. ERISA, the federal law that regulates qualified retirement plans, is reviewed as it applies to plan provisions, funding, administration, and plan termination. A basic understanding of various qualified plans, such as 401(k), Roth 401(k), Profit-Sharing plans and ESOPS is provided. The course explains funding methods and funding vehicles. Students will learn the advantages of life insurance inside of qualified plans and the rules that must be adhered to insuring the insurance provides tax free recovery. Social Security’s role and integration with qualified retirement plans is discussed.
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.
High Risk Property & Workers Comp in NC
This course is designed to acquaint agents and adjusters with the methods used in North Carolina to insure risks that may not be accepted on a voluntary basis by insurers.
Breaks are 10 minutes each hour.
Course content includes explanation of what COBRA is, its purpose and how it is enforced. Also covered will be criteria for compliance, who must comply, the qualifying events that make COBRA necessary, how long it can last and benefits covered, as well as not covered. The last portion of the class will explain the responsibilities of both employer and the beneficiary. Penalties for COBRA non-compliance will also be discussed.
The objective of this course is to educate the student about one of the most important social insurance plans in the United States. The student twill learn about the four main benefits provided by Social Security including who qualifies and how they qualify for those benefits. Students will be a basic understanding of how the benefits are calculated, as well as when and if the benefit will be taxed. The future of Social Security will be discussed, followed by an overview of ideas put forth to save the program by those responsible for it.