NWC News Desk

Five insurance continuing ed seminars in June

Posted May 22, 2007

P O W E L L, W y o. - The Northwest College Center for Training and Development in Powell will offer five insurance continuing education seminars Tuesday, June 5.

Each seminar carries two hours of either property and casualty or life and health continuing education, which are eligible continuing education areas for all Wyoming insurance agents, regardless of the license they hold. The programs are taught by representatives of Education in Pursuit LLC from Arvada, Colo.

The first session, "Understanding Claims Made," meets from 8-10 a.m. It explores the difference between claims made and occurrence and triggers for claims made. Retro dates, policy terms and claim examples are covered, as well as the reporting of endorsement or "tail" coverage. Participants will also pick up pointers and learn the advantages and disadvantages of occurrence versus claims made.

"Claims and Issues with Water Damage" meets from 10 a.m.-noon to explore the types of water losses, including frozen pipes, surface water and sewer backup, as well as the issues that arise from these losses.
The two-hour afternoon sessions start at 1 p.m. with "Wildfire Mitigation." Agents will learn what they and their clients can do to help mitigate wildfire losses and review pre- and post-loss measures. Current updates on wildfire mitigation will also be discussed.

"Pathways to Business Continuation" starts at 3 p.m. and addresses the issues involved in passing a small business on to future generations in a formal manner. Topics include succession planning, liquidity needs, valuation, taxation, types of useful contracts and how to value the enterprise. Questions of equitable treatment for children not involved in the business are addressed, and issues arising with publicly held companies, such as stock ownership plans and key-person coverage, are also a part of the course.

The final seminar, "Pathways to Disability Income," runs from 5-7 p.m. addressing the personal aspects of coverage and the construction of a contract to provide protection against home loss due to disability. Topics include income levels, occupation classes, wait periods, duration of benefits, additional protection, taxation questions and options and riders that might be considered by clients.

Pre-registration is required. Cost for each seminar is $30. Those who register for all five save $10 off the total price.

To register or for more information, e-mail Stacy Gilman or call (307) 764-6062.