CIP012 - Insurance on Property

Outline information
Semester
Schools offering this subject
Last revision date Apr 6, 2020 8:43:08 AM
Last review date Apr 6, 2020 8:43:21 AM

Subject Title
Insurance on Property

Subject Description
This course is an introduction to property insurance. It lays the foundation for all types of property insurance, and then discusses the perils, clauses, and limitations in the most common personal lines policies. Students will see how policies develop, with unique perils, clauses, and limitations to suit changing needs.
Pre-requisite: CIP011

Credit Status
One credit

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

1. Explain the importance of insurance on property.

2. Analyze and interpret written legal terminology and apply it to investigation to enable solving and negotiating cases first hand.

3. Identify ethical and legal issues that impact contract based business relationships.

4. Use business principles and practice various roles existing in the insurance arena.

5. Compare and contrast similarities and differences of various legal systems used in today's business environments.

6. Summarize the provisions, obligations and conditions extended by statute law forming a mandatory part of all property policies.

7. Evaluate the development and progress from basic fire policy to include the broadest options available in today's market.

8. Illustrate the communication value of clear language wordings of policies when forming legal and binding agreements.

9. Discuss the societal responsibilities of financial institutions, their limitations, calculation of actuarially based rates and revenues, and regulatory reserving obligations.

10. Discuss the evolution and distinctive features of branches of insurance using focused and specific language familiar to the insurance industry.

Academic Integrity
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Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

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 Student Conduct Office at student.conduct@senecacollege.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 Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.