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Official Course
Description: MCCCD Approval: 12-10-02 |
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CSR206 2003 Spring – 2009 Summer I |
L+L |
3.0 Credit(s) |
4.0 Period(s) |
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Insurance
Rate Determination |
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Automobile
insurance exchange membership services representative operations. Emphasis
upon named non-owner policy provision, operator and vehicle rating factor
determination, and primary operator of vehicle determination procedures.
Covers dual location of insured issues and specific jurisdictional
considerations. Prerequisites: None. |
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Go to Competencies Go to Outline
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MCCCD
Official Course Competencies: |
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CSR206 2003
Spring – 2009 Summer I |
Insurance Rate Determination |
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1.
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Apply basic vehicle operator rating factors in the
determination of an automobile policy rate. (I) |
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2.
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Describe how operator age and gender affect the determination
of automobile insurance policy rates. (II) |
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3.
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Identify automobile insurance policy discount rate
qualification requirements. (III) |
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4.
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Define key operator rating factor terminology. (IV) |
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5.
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Provide automobile insurance quotes to customers living in
states that require specific considerations. (V) |
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6.
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Identify the primary operators of vehicles listed on an
insurance policy. (VI) |
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7.
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Identify opportunities to provide named non-owner
automobile insurance coverage to association members. (VI) |
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8.
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Explain the criteria used for underwriting named non-owner
policies. (VII) |
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9.
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Identify underwriting concerns when dealing with dual
location of insured situations. (VIII) |
Go to Description Go to top of
Competencies
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MCCCD
Official Course Outline: |
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CSR206 2003
Spring – 2009 Summer I |
Insurance Rate Determination |
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I. Rating Factor Application
A. Primary Factors 1. Age / Gender 2. Operator discounts 3. Driving Record 4. Merit Rating Plan 5. Vehicle / Operator
Association 6. Operator Hierarchy B. Secondary Factors 1. Usage 2. Location 3. Discounts II. Driver Physical Characteristic
Factors A. Justification for
Inclusion B. Age Factors 1. Youthful Drivers 2. Elderly Drivers C. Gender 1. Standard Provisions 2. Jurisdictional
Limitations III. Discount Rate
Qualification A. Good Student Discount B. Defensive Driving Credit
C. Safe Driver Incentive
Plan D. Driver Training Credit IV. Rating Factor
Terminology A. Key Terms B. Acronyms V. Jurisdictional
considerations A. Michigan B. California C. Pennsylvania D. Colorado E. Texas VI. Operator / Vehicle Assignation
A. Principle Operator
Determination B. Occasional Operator 1. Implied 2. Input C. Operator Hierarchy VII. Named Non-Owner
Policies A. Issuance Criteria B. Coverage Explanation C. Policy Provision VIII. Dual Location Of
Insured Issues A. Situational Stipulations
B. Primary Location
Identification C. Secondary Location
Identification D. Jurisdictional
Considerations E. Referral Procedures |
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