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Center for Curriculum and Transfer Articulation
Introduction to Personal Lines Policies
Course: INS150

First Term: 2020 Summer
 Lecture   3.0 Credit(s)   3.0 Period(s)   3.0 Load  
Subject Type: Occupational
Load Formula: S- Standard


Description: Introduction to personal lines policies. Includes principles of insurance, contracts, and the role of regulation in the insurance industry. Covers various types of personal insurance including property, liability, dwelling, homeowner, and auto insurance in addition to procedures for rating a policy.



MCCCD Official Course Competencies
1. Define risk. (I)
2. Explain characteristics of an insurance contract. (I)
3. Explain the role of regulation in the insurance industry. (I)
4. Describe methods for rating a policy. (II)
5. Differentiate between types of insureds. (III)
6. Compare and contrast methods to value loss. (III)
7. Describe types of exclusions. (III-VIII)
8. Describe the purpose of various policy conditions. (III-VIII)
9. Compare and contrast types of personal insurance. (III-VIII)
10. Differentiate between homeowner and dwelling policies. (V-VI)
11. Describe characteristics of multiline policies. (V-VI)
12. Explain auto policy eligibility requirements. (VII)
13. Compare and contrast types of auto policy coverages. (VII)
14. Differentiate between miscellaneous personal insurance coverages. (VIII)
15. Describe Fair Access to Insurance Requirements (FAIR) plans. (VIII)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.
 
MCCCD Official Course Outline
I. Principles of insurance
   A. Risk/exposure
      1. Definition
      2. Types
   B. Insurability
      1. Definition
      2. Elements
   C. Contract
      1. Elements
      2. Characteristics
   D. Regulation
      1. Fair Credit Reporting Act
      2. Federal
      3. State
      4. Company
      5. Agent
II. Insurance transaction
   A. Role
      1. Application
      2. Binder
   B. Rating
      1. Judgment
      2. Manual
      3. Merit
   C. Misrepresentation/concealment/fraud
   D. Procedures
      1. Waiver
      2. Estoppel
      3. Cancellation/non-renewal
III. Property insurance
   A. Policy standardization
   B. Declarations
      1. Definition
      2. Purpose
      3. Insureds
   C. Exclusions/limitations
      1. Definition
      2. Concurrent causation
   D. Conditions
      1. Duties
      2. Rights
IV. Liability insurance
   A. Definition
   B. Purpose
   C. Terminology
   D. Liability loss
   E. Negligence
      1. Definition
      2. Defense
   F. Liability
      1. Absolute/strict
      2. Vicarious
   G. Damages
V. Dwelling insurance
   A. Definition
   B. Eligibility
   C. Policy
      1. Coverages
      2. Forms
      3. Endorsements
      4. Exclusions
      5. Conditions
      6. Covered perils
VI. Homeowners insurance
   A. Policy
      1. Eligibility
      2. Insureds
      3. Multiline
   B. Sections
      1. Property
      2. Liability
   C. Exclusions
   D. Conditions
   E. Endorsements
   F. Forms
      1. Types
      2. Use
VII. Personal auto insurance
   A. Policy
      1. Organization
      2. Eligibility
   B. Definitions
   C. Coverages
      1. Liability
      2. Medical
      3. Uninsured
      4. Damage to auto
      5. Underinsured
   D. Exclusions
   E. Conditions
   F. Endorsements
   G. No-fault
   H. Assigned risk
VIII. Miscellaneous personal insurance
   A. Types
      1. Flood
      2. Earthquake
      3. Mobile home
      4. Personal inland marine
      5. Personal watercraft
      6. Personal umbrella
   B. Fair Access to Insurance Requirements (FAIR)
   C. Procedures
 
MCCCD Governing Board Approval Date: May 5, 2020

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.