Alberta Insurance level 1 General Insurance Course (Full Rate)
The Alberta Insurance Council (AIC) is responsible for the licensing and regulation of insurance agents, brokers, and independent adjusters.
Examination Information
Chapter One - LEARNING OBJECTIVES
1.) What Is Insurance?
2.) Functions of Insurance
Chapter ONE - Question 1 Key point:
3.) How Does Insurance Benefit Society?
Chapter One: Knowledge check: Question
4.) Types of Insurance Companies
Chapter One: Knowledge check Question 3
5.) Insurance Company Organization
Chapter One: Knowledge check Question 4 & 5
6.) Reinsurance
Chapter One: Knowledge check Questions 6 & 7:
7) Distribution of Insurance Products
Chapter One: Knowledge check Question 8 & 9:
Chapter Two - LEARNING OBJECTIVES:
1.) Difference Between Agents and Brokers
2.) Licensing Requirements
3.) Law of Agency: Principal and Agent Relationship -
Chapter 2 Knowledge check, Questions 1, 2, 3
4) Agency Agreement with the Insurer
5.) Duties to Consumers
Chapter 2 Knowledge check, Questions 4 & 5
5.) Duties to Consumers cont. (Claims Management Process)
6) Ethics and Professionalism
6.) Ethics and Professionalism Cont. (Continuing Education and Professional Designations)
Chapter Two Knowledge check, Questions 6 & 7 :
7) Errors and Omissions
Knowledge check, Questions 8 & 9 :
Chapter Three Learning Objectives:
1.) What Is Risk?
2) Risk Management and Its Importance to Brokers and Agents
Chapter Three knowledge check:
3) The Risk Management Process
3) The Risk Management Process Cont.. Risk Financing Strategies :
Chapter Three Knowledge Check:
Chapter FOUR - Learning Objectives:
Chapter FOUR - 1) The Insurance Act:
Chapter FOUR Knowledge Check:
Chapter FOUR - 2.) Roles and Responsibilities of Regulatory Bodies
Chapter FOUR - 2.) Roles and Responsibilities of Regulatory Bodies Cont.. Professional Conduct..
Chapter FOUR Knowledge Check
Chapter FOUR - Privacy and Privacy Legislation
Chapter FOUR Knowledge Check -
Chapter FIVE - Learning Objectives :
Chapter FIVE 1.) The Law in Canada & 2.) Tort Law
Chapter FIVE Knowledge Check:
Chapter FIVE 3.) Contract Law :
Chapter FIVE Knowledge Check (Contract)
Chapter FIVE Key Take-away:
Chapter SIX - Learning Objectives
Chapter SIX - 1) What is Automobile Insurance?
Chapter SIX - 2) Private and Government Automobile Insurance Plans
Chapter SIX - 3) Regulation of Automobile Insurance in Alberta
Chapter SIX 4) Standard Application Form for Owners of Automobiles (SAF1)
Chapter SIX Sections 1 - 4 Knowledge Check
Chapter SIX Section 5) Standard Policy Form for Owners of Automobiles (SPF1)
Chapter SIX Section 5 ) Cont. Section B: Accident Benefits
Chapter SIX Section 5 - Knowledge Check:
Chapter SIX Section 5) Cont. Section C: Loss of Damage to the Insured Automobile
Chapter SEVEN Learning Objectives:
Chapter Seven : 1) Commercial Automobile Defined
Chapter Seven : 2) Fleet Insurance and the Standard Policy Form 1—Owners Form
Chapter Seven : 3) Standard Policy Form 4—Garage Automobile Policy
Chapter Seven - Coverage Provided
Chapter Seven: 4) Standard Policy Form 6—Non-owned Automobile Policy
Chapter SEVEN: 5) Standard Policy Form 9—Transportation Network Policy
Chapter SEVEN: 6) Common Commercial Automobile Endorsements
Chapter SEVEN Knowledge Check:
Chapter EIGHT - Learning Objectives:
Chapter EIGHT: 1) What is Property Insurance?
Chapter EIGHT: 2) Regulations and Fire Insurance
Chapter EIGHT: 3) Proximate Cause, Perils, and Hazards
Chapter EIGHT: 4) Parts of Property Insurance Policy
Chapter EIGHT: 5) Basis of Claim Payment
Chapter EIGHT: 6) Additional Interests
Chapter EIGHT: 7) Limitations of Liability Clauses
Chapter EIGHT 8) Property Policy Conditions
Chapter EIGHT knowledge Check:
Chapter EIGHT: 9) Other Property Insurance Terms
Chapter EIGHT: 10) Property Risks
Chapter NINE - Learning Objectives
Chapter NINE: 1) Three Forms and Their Differences
Chapter NINE: 2) Property Sections and Limits
Chapter NINE: 3) Coverages
Chapter NINE 4) Exclusions
Chapter NINE 5) Extensions of Coverage
Chapter NINE : 6) Common Endorsements and Floaters
Chapter NINE: Knowledge Check
Chapter 10 - Learning Objectives
Chapter 10 - 1) Tenants Insurance
Chapter 10 - 2) Rented Dwellings
Chapter 10 - 3) Condominium Unit Owners Forms
Chapter 10 - 4) Mobile Homeowners Form
Chapter 10 - 5) Seasonal Dwellings
Chapter 10 - 6) Farm Insurance
Chapter 10 - Knowledge Check
Chapter Eleven - Learning Objectives
Chapter Eleven - 1) Types of Insureds
Chapter Eleven - 2) Application Forms
Chapter Eleven - 3) Building, Equipment, and Stock Policy Forms
Chapter Eleven - 3.a) Property Excluded
Chapter Eleven- 4) Common Property Endorsements
Chapter Eleven - 5) Miscellaneous Property Insurance
Knowledge Check
Chapter Twelve - Learning Objectives
Chapter Twelve - 1) What is crime Insurance? 2.) Why is it Needed?
Chapter Twelve - 3) What are the define Perils of crime insurance?
Chapter Twelve - 4) Coverages
Chapter Twelve Knowledge Check
Chapter Thirteen - Learning Objectives
Chapter Thirteen - 1) What is business interruption insurance?
Chapter Thirteen - 2) Why is business interruption insurance needed?
Chapter Thirteen 3) Common Coverage Forms
Chapter Thirteen - Knowledge Check
Chapter Fourteen - Learning Objectives
Chapter Fourteen - 1) What is Personal Liability Insurance
Chapter Fourteen - 2) Why is personal liability insurance needed?
Chapter Fourteen - 3.) Homeowner, Tenant, And Condominium Unit Owner Policy Coverages
Chapter Fourteen - 4.) Exclusions
Chapter Fourteen - 5.) Personal Umbrella Policy
Chapter Fourteen - Knowledge Check:
Chapter Fifteen - learning Objectives
Chapter Fifteen 1) Occurrence versus Claims-Made Policies
Chapter Fifteen 2) Commercial Genera Liability (CGL) Policy
Chapter Fifteen 2.) Coverage A—Bodily Injury and Property Damage Liability
Chapter Fifteen 2.) Coverage B—Personal and Advertising Injury Liability
Chapter Fifteen 2.) Coverage C—Medical Payments
Chapter Fifteen 2.) Coverage D—Tenants’ Legal Liability
Chapter Fifteen 2.) - Common Exclusions—All Coverage Sections
Chapter Fifteen - Definitions
Chapter Fifteen - 3.) Other Commercial Policies
Chapter Fifteen - Knowledge Check:
Chapter Sixteen - Learning Objectives
Chapter Sixteen - 1) What is Travel Insurance?
Chapter Sixteen - 2) Why and When Is Travel Insurance Needed?
Chapter Sixteen 3) Medical Coverage
Chapter Sixteen 4) Other Travel Insurance
Chapter Sixteen Knowledge Check
Chapter Seventeen - Learning Objectives
Chapter Seventeen 1) Insurance Bureau of Canada (IBC)
Chapter Seventeen - 2) Insurance Institute of Canada (IIC)
Chapter Seventeen 3) Insurance Brokers Association of Canada (IBAC)
Chapter Seventeen 4) Canadian Insurance Claims Managers Association (CICMA)
Chapter Seventeen - 5) Canadian Independent Adjusters’ Association (CIAA)
Chapter Seventeen - 6) Underwriters Laboratories of Canada (ULC)
Chapter Seventeen 7) Centre for Study of Insurance Operations (CSIO)
Chapter Seventeen 8) Institute for Catastrophic Loss Reduction (ICLR)
Chapter Seventeen - 9) Canadian Association of Direct Relationship Insurers (CADRI)
Chapter Seventeen - 10) Risk and Insurance Management Society (RIMS)
Chapter Seventeen Knowledge Check
Chapter 1- 17 Glossary of Terms
Test
Acknowledgements