Illinois Administrative Code › Title 50 - INSURANCE › Part 3119 - PRE-LICENSING AND CONTINUING EDUCATION › Exhibit G - COURSE OF STUDY - FIRE

Current through Register Vol. 48, No. 28, July 12, 2024
Course of Study Content
						  Requirements
Time Distribution Requirements
I.
Insurance and Insurance-Related Concepts
25%
A.
Risks
B.
Hazards
C.
Indemnity
D.
Insurable interest
E.
Actual cash value
F.
Replacement cost
G.
Coinsurance
H.
Specified (named) perils
I.
All-risk
J.
Burglary
K.
Robbery
L.
Theft
M.
Mysterious disappearance
N.
Negligence
O.
Liability
P.
Accident
Q.
Occurrences
R.
Warranties
S.
Representations
II.
Policy Provisions
20%
A.
Declarations
B.
Definition of the insured
C.
Insuring agreement
D.
Duties of the insured
E.
Obligations of the company
F.
Cancellation and nonrenewal provisions
G.
Supplementary payments (additional coverages)
H.
Vacancy and unoccupancy
I.
Abandonment
J.
Mortgage rights
K.
Proof of loss (notice of claim)
L.
Appraisals
M.
Pro-rata liability (other insurance)
N.
Assignment
O.
Subrogation
P.
Compliance with provisions of Fair Credit Reporting
						  Act
III.
Types of Policies
25%
A.
Standard fire policy
1.
General property form including extended
						  coverage
2.
Time element policy
a.
Gross earnings
b.
Earnings
c.
Extra expense
B.
Homeowners
C.
Inland marine-Personal article floater and pleasure
						  craft
D.
Special multi-peril
E.
National flood
F.
FAIR plan
G.
Mine subsidence
IV.
Perils, Exclusions, Deductibles, and Liability
24%
A.
Property covered
B.
Perils covered
C.
Exclusions, extensions, limitations, and
						  conditions
D.
Deductibles
E.
Limits of liability
F.
Bodily injury and property damage liability
V.
Prospecting and Evaluating Needs
2%
A.
Keeps current as to changes (e.g., markets,
						  introduction of new coverages) in types of coverages that might expand coverage
						  for current clients or increase the number of potential clients
B.
Reviews prospect's existing policies to prevent
						  duplication of coverage and determine areas of further potential
						  coverage
C.
Obtains information necessary to analyze risks,
						  hazards, and exposures
D.
Analyzes risks, hazards, and exposure in order to
						  determine prospect's needs
E.
Evaluates continued adequacy of protection, determines
						  unprotected exposures, and recommends suitable changes in coverage
F.
Contacts accounts at renewal time and reviews existing
						  policies
VI.
Servicing Clients
2%
A.
Explains services (e.g., claims, safety programs)
						  provided by insurance producer and company
B.
Assists policyowner with service needs (e.g., change of
						  name, change of mode of premium payment)
C.
Maintains accurate records of client data (e.g., change
						  of address)
D.
Assists in filing and following up in claims
VII.
Presentation and Acceptance
2%
A.
Informs insured and carrier of date and time coverage
						  takes effect
B.
Prepares and forwards proposal, application, and other
						  pertinent information to appropriate carrier for underwriting and premium
						  determination
C.
Maintains complete records of all business transactions
						  as required (e.g., pending files, binders, binder charges, and premium
						  accounting)