INTRODUCTION

TO

PROTECTION AND INDEMNITY INSURANCE

AN 

EDUCATION & TRAINING COURSE  

AMERICAN INSTITUTE OF MARINE
UNDERWRITERS

 held at 

American Institute of Marine Underwriters
14 Wall Street, 8^th Floor, Suite 820
New York, NY 10005

in

February
(see course schedule for exact dates)

COURSE DESCRIPTION

Program:

Learn about the exposures to Liability for injury or death to crew and passengers, vessel owners liability to shore workers, miscellaneous liabilities for death and injury.  Study the P & I policy insuring agreement, additional exclusions and limitations, underwriting and claims provisions.

Audience:

Underwriters, claims personnel, investigators, maritime shipowners, attorneys, insurance agents and brokers.

Continuing Education Credits:
       State Insurance Departments
                Connecticut   12 Credits
                New Jersey    12 Credits
                New York       12 Credits

PART I

P & I INSURANCE POLICY

1. Introduction and Development of Protection & Indemnity Coverage

   1)       Brief History (advent of coverage in the U.K.)

   2)       Merchant Marine Act of 1920 (Jones Act)

   3)       Explanation of Fixed Cost P&I versus P&I Clubs

   4)       Types of use for the different forms

2.  Protection and Indemnity Clauses – SP-23

   1)       Coverages Provided

    a).     Loss of Life / Personal Injury

    b).     Maintenance and Cure

    c).     Third Party Liabilities

    d).     Wreck Removal

   2)       Exclusions

    a).     Contractual Liability

    b).     Punitive / Exemplary Damages

    c).     Liability for damage to cargo, etc.

    d).     War, etc.

3.  Protection and Indemnity Clauses – SP 38

4. AIMU Protection and Indemnity Clauses

5. Coverage Comparison – AIMU P&I Clauses vs. other P&I Insuring Forms

 PART II

UNDERWRITING CONSIDERATIONS

1. Class Categories

2. Geographic Territories

3. Importance of Financials

4. Large Loss Potential

5. Inherent Hazards

6. External Exposures

7. Management

8. Account Experience

9. Economies Environment

PART III

CLAIMS ADMINISTRATION

1. Policy Coverage

2. Insured & Policy Forms

3. Types of Claimants

4. Loss Investigation & Adjusting

PART IV

LOSS PREVENTION AND CONTROL

1.  When to use a Marine Surveyor

2. Types of Surveys

3. Criteria for Selecting a Surveyor

4. Reporting Criteria

5. What to expect from the Surveyor

6. What the Surveyor should expect from the Underwriter                        

Special Assistance

In Compliance with the American’s with Disabilities Act, AIMU will make all reasonable efforts to accommodate persons with disabilities at its meetings.  Please call James M. Craig at (212) 233-0550.

Refunds/Cancellations/Substitutions
Refund requests will be honored if received in writing by 15 days prior to scheduled start date.  All refunds will be subject to a processing fee of $25.  Cancellations received after the refund deadline, “no shows” are subject to the full registration fees.  Substitutions may be made by notifying the conference registrar in writing or in person at the on-site registration desk.

Program Features

Continental Breakfast

Lunch

Handouts & Lecture Notes

Certificate of Completion

For Additional Program Information Contact Us At:

Phone: (212) 233-0550 l Fax (212) 227-5102

Email: aimu@aimu.org l Web: www.aimu.org   

Click here for registration form