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Property and Casualty Insurance Products

This course was designed to enhance the technical knowledge, general business competency and professionalism of the broker/agent. It provides students with the means to expand their general insurance knowledge, develop new sales markets and enhance their opportunities for career advancement.

Credit Status
PNC106 is a required subject in the Property and Casualty Program – P&C Program. Upon successful completion, it will provide one of the 6 credits required to secure a Certificate of Successful Completion of the P&C Program. In addition, it is the first of four credits offered by the Insurance Brokers Association of Ontario (IBAO) toward the CAIB (Canadian Accredited Insurance Broker) designation.

Learning Outcomes
Upon successful completion of this subject, the student will be able to:

  1. Analyze the exposures involved, recommend a solution and provide insurance coverage, where required, for individuals and straight forward commercial risks.
  2. Employ the means necessary to assist all other prospects (individual or corporate), when required, in obtaining such insurance protection as they may need.
  3. Integrate all regulations, principles and practices governing the insurance industry into his business, and, at all times, adhere to the highest possible standards of ethical conduct.
  4. Operate an office by managing the development and maintenance of accounts and markets appropriate to clients’ needs; and, by managing yourself, your staff and office administrative procedures, to ensure the maximum performance in satisfying the public need for your services, the requirements of markets, and your own personal goals.

Grading and Examinations
In compliance with the Grading Policy outlined below, the student’s final mark will be based upon the following:
CAIB 1 Examination 100%

Final Grades:
A+ 90% to 100%
A 80% to 89%
B+ 75% to 79%
B 70% to 74%
C+ 65% to 69%
C 60% to 64%
D 55% to 59%
F 0% to 54% (Not a pass)
For the complete grading policy please refer to Seneca’s Academic Policy.

Text and Reference Material
The incidental costs for this course include the following:
CAIB 1 – Canadian Accredited Insurance Broker Program binder
Insurance Brokers Association of Canada

All PNC106 course materials are adapted with the permission of the publishers.

Pre-requisites
None.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Resolution, Equity and Diversity Centre at ext. 2078 or via e-mail at Human.Rights@senecac.on.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counseling and Disabilities Services Office at ext. 2900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Detailed Topic Outline By Week
(Fall 2009)

  1. Insurance – A Means of Managing Risk – Insurance Contracts, Types of Losses, Measuring the Amount of Loss
  2. The Role of Government in the insurance Industry, Distribution of Insurance
  3. The Development of Habitational Insurance & Homeowners Forms
  4. Other Habitational Insurance Forms
  5. The Canadian Legal System, The Law: Establishing Liability in Tort
  6. Insuring Personal Liability, Farm Insurance
  7. The Need for Automobile Insurance
  8. S.P.F. No. 1 – Owner’s Form Coverages
  9. Regulation of Brokers, The Errors and Omissions Exposure – An Analysis Travel Insurance
  10. CAIB 1 Examination

 

 

 

 

 

 

 

 

 

 


Updated: September 2009