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Course · AL
Insurance II: Claims and Underwriting Operations
Career and Technical Education, Alabama State Department of Education (ALSDE)
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Insurance II: Claims and Underwriting Operations introduces students to the process of underwriting claims, sorting applications on behalf of clients who present similar levels of risk, and determining whether to accept, deny, or limit coverage for each group of applicants. Students will understand the laws and regulations of insurance operations to manage business operations and transactions in the insurance industry.
Analyze the risk posed by potential clients in order to make insurance approval/denial decisions and set policy pricesDevelop a compliance program to protect a company’s financial well-beingInterpret provisions of insurance contractsEvaluate information acquired from claimants to simulate the process of settling insurance claimsUtilize information technology tools to simulate the underwriting of an insurance policyPrepare documentation to support insurance underwritingAssess information provided by the client to determine insurance needsInterpret the sections of the declaration page on policiesManage agency accounts to protect the insurance company's financial well-beingOutline the steps to process a claim to fulfill the company's legal obligation to the clientDemonstrate professional ethical behavior and meet legal responsibilitiesExplain the role of the Alabama Department of Insurance in protecting consumers from unlicensed agentsExplain federally-mandated health insurance requirements and restrictionsExplain the role of supervisory and regulatory bodies in the insurance industryAnalyze careers in insurance to determine which roles and responsibilities best match personal interestsAcquire and share knowledge of the insurance industry to obtain a foundation for employment in insurance