Issues in Named Insured: The Rules and the Whys
Total Credits: 2 including 2 CE Credit
- Average Rating:
- Not yet rated
- Categories:
- Commercial Lines | Personal Lines
- Faculty:
- Richard Pitts
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
- License:
- Access for 90 day(s) after purchase.
Description
This presentation is a fast-paced and wide-ranging examination of issues connected to naming insureds correctly on insurance policies - a seemingly simple matter that has deep implications. The seminar is divided into two parts. The first is the "rules" of how to determine what name or names go on the dec page as a named insured. The second is the "whys" of those rules, seeking to answer: (a) why it matters who's named on the policy; and (b) what the policy implications are.
Basic Course Information
Learning Objectives- You will learn how to name an insured correctly
- You will learn the difference between a corporation, an LLC, and a partnership
- You will learn about the insurance industry treatment of related entities
- You will learn about Named Insureds - from a Personal Lines point of view
Major Subjects
- The Goals and Rules of naming insureds correctly
- Why Named Insureds is important from a business point of view
- Why Named Insureds is important from an insurance point of view
- Why Named Insureds is important from a Personal Lines point of view
Course Materials
| IMPORTANT_CE Credit Instructions_for_Video_on_Demand_Webcasts_Updated (135.2 KB) | Available after Purchase | ||
| Issues in Named Insureds Slides Handout (659.9 KB) | Available after Purchase | ||
| Issues in Named Insureds Timed Outline (33.2 KB) | Available after Purchase | ||
Faculty
Richard Pitts Related Seminars and Products
Vice President and General Counsel
Arlington Roe
Richard S. Pitts is a private practice attorney in the insurance industry. Rick serves as Vice-President and General Counsel to Arlington/Roe & Co., Inc., an insurance brokerage and managing general agent headquartered in Indianapolis. Rick also serves as general counsel to the Independent Insurance Agents of Indiana, Inc., as well as its sister organization in Kentucky. Rick speaks annually at the “Roadshows” in Kentucky and Indiana’s Agency Compliance Seminars and presents various seminars on insurance and employment related matters. Pitts has also presented continuing education seminars to insurance professionals nationally through industry groups including the National Alliance for Insurance Education and Research.
Rick is a 1983 graduate of Wabash College and a 1986 graduate of Indiana University School of Law – Indianapolis. Pitts clerked for the Honorable Patrick D. Sullivan, a judge of the Indiana Court of Appeals in 1986-87. Rick is admitted to practice before Indiana state and federal courts, the United States Supreme Court and the United States Court of Appeals for the Seventh Circuit and is a member of local, state and national bar associations. Pitts has tried multiple cases and participated in over seventy appeals.
Pitts is the recipient of the “Excellence in Continuing Legal Education Award” from the Indiana Continuing Legal Education Forum (ICLEF), having served as a panelist and lecturer on a variety of continuing education subjects. Pitts has co-authored two articles appearing in the Indiana Law Review.