Two new Alberta Auto courses now available to all ILScorp General CE Subscribers.
Alberta Personal Automobile Insurance and Alberta Commercial Automobile Insurance
Both courses are included in the ILScorp General CE Course Subscription
About the Alberta Personal Automobile Insurance CE Course
Introduction
Once cars were on the road, people realized that automobiles posed risks for pedestrians and private property, as well as potential losses for drivers and owners. Insurance products were developed and governments created laws and regulations cover the operation of such vehicles and to enhance public safety. Over the years the insurance products as well as the laws and regulations became increasingly complicated.
Purpose
The purpose of this course is to explain the various aspects of automobile insurance and of the laws and regulations that govern the industry, particularly in Alberta.
Course Content
This course covers the following Subjects:
What is Automobile Insurance?
Private and Government Automobile Insurance
Regulation of Automobile Insurance in Alberta
Standard Application Form for Owners of Automobiles (SAF 1)
Standard Policy Form for Owners of Automobiles (SPF 1)
SPF 1 Policy General Provisions, Definitions, and Exclusions
Standard Endorsement Form (SEF)
Standard Policy Form for Drivers of Automobiles (SPF2)
Residual Risks and Industry Agreements
Course Learning Objectives
The successful participant in this course will:
- Be able to explain how automobile insurance is provided in Canadian jurisdictions, including direct compensation property damage plans
- Be able to list and briefly describe approved automobile policy forms in Alberta and their purposes
- Competently identify the statutory conditions required in Alberta automobile policies and understand the obligations of each condition
- Demonstrate an understanding of third-party liability coverage under an Alberta Standard Owners Automobile policy, including how it applies
- Clearly describe coverages provided under accident benefits on an Alberta Standard Owners Automobile policy
- Be able to summarize available options under loss of or damage to insured automobile coverage on an Alberta Standard Owners Automobile policy
- Recognize situations where policy provisions, definitions, or exclusions apply
- Demonstrate an understanding of common endorsements used with personal automobile policies in Alberta
- Possess the understanding to differentiate between available programs that deal with residual risks
- Be aware of the history and purpose of automobile insurance
- Know the difference between Private and Government Automobile Insurance
- Be aware of the range of differences in insurance in different provinces
- Understand the nature of reciprocal agreements
- Understand the concept of no-fault insurance (Direct Compensation Property Damage (DCPD) Agreements)
- Be familiar with the use of fault charts or fault determination rules
- Be familiar with Regulation of Automobile Insurance in Alberta regarding Mandatory Coverages
- Demonstrate an understanding of the nine statutory conditions that must be included in all automobile insurance policies
- Be familiar with the Standard Policy Forms (SPF), Standard Endorsement Forms (SEF), and Standard Application Forms (SAF)
- Be able to identify the Government Questions (Mandated Under Legislation)
- Be able to identify the Industry Questions (Required by Insurers)
- Be familiar with the details of the Standard Policy Form for Owners of Automobiles (SPF 1) Sections A, B, and C
- Know the purpose and requirements of the Standard Endorsement Form (SEF) and other miscellaneous endorsements
- Be familiar with the details of the Standard Policy Form for Drivers of Automobiles (SPF2)
- Be knowledgeable about Residual Risks and Industry Agreements
- Know the purpose of the Facility Association and how it operates
About the Alberta Commercial Automobile Insurance CE Course
Introduction
People not familiar with commercial transport of goods and passengers may have only limited knowledge of the types of vehicles involved and the variety of related issues and risks. This is a complex area of the auto insurance industry in which professional agents and brokers need to be knowledgeable and fluent.
Purpose
The purpose of this course is to familiarize participants with the issues and risks that are part of owning and operating commercial automobiles, and to prepare them to identify particular client needs and suggest policies that will appropriately meet those needs.
Course Content
This course covers the following subjects:
Commercial Automobile Defined
Explanation and particulars relating to Fleet Insurance and the Standard Policy Form 1-Owners Form
Explanation and particulars relating to Standard Policy Form 4 – Garage Automobile Policy (The 6 sections A-F)
Standard Policy Form 6―Non-owned Automobile Policy
Standard Policy Form 9-Transport Network Policy
Common Commercial Automobile Endorsements
Fleet Policy Endorsements
Garage Policy Endorsements
Risk and Liabilities that face owners of commercial automobiles
Course Learning Objectives
Participants who successfully complete this course will:
- Be able to recognize and describe types of commercial automobiles
- Be able to illustrate how a standard owner’s automobile policy can be used to insure automobile fleets
- Understand the types of businesses that require a garage automobile policy and how the coverages provided meet the needs
- Be able to explain the purpose of a non-owned automobile policy and describe the third-party liability coverage provided
- Demonstrate an understanding of when a transportation network automobile policy is required and how the coverages differ from a standard owner’s automobile policy
- Competently identify and describe policy endorsements commonly used with commercial automobiles including automobile fleets, and garage automobile policies
- Be able to explain why each different type of policy and endorsement is needed
- Know the particulars and the details, the coverages and exclusions, of each type of policy and endorsement
