American Institute of Marine Underwriters & Ft. Lauderdale Mariner Club collaborate to offer remote training!
Remote option only
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This course will cover yacht insurance and risk selection that encompasses pleasurecraft of any length. Attendees will study the Marine Insurance Policy: policy definitions, terminology, physical damage, liability and protection and Indemnity (P & I) coverages; the Risk Selection part of the program including underwriting concerns, Vessel Ownership, Coverage Extensions. The class will include claims review and the use of the pleasurecraft surveyor report, claims including Hull Losses, Storm Planning/Hurricane Proof Facilities, Third-Party Losses (injuries, collisions, other property damage), Claims and Effect on Loss Ratio; Target Loss Ratio, LAE, ULAE Expense Ratios, Development Tails/Trends, Combined Ratio Results; Other Considerations including Crew and Operators, Aggregation of Limits, National CAT, Concentration of Values, Surveys, Reinsurance: Treaty & Facultative, Excess P&I and P&I Clubs.
Who Should Attend:
Underwriters, brokers, claims adjusters, attorneys, insureds and others in the marine insurance industry.
Rick Salway, Great American, Luxury Yacht
Mark Smieya, Claims Manager, Ocean Marine Claims, Travelers
Continuing Education Credits:
6 SAMS Credits; 6 NAMS Credits
State Insurance Departments:
Applying for 6 agent/broker credits in NY, NJ, TX and FL
AIMU Certificate of Marine Insurance: Completion of this class can be credited toward AIMU COMI
9:00 am - instruction
12:00pm - virtual lunch with Q&A session
1:00pm - instruction
4:00pm - class ends
Refunds/Cancellations/Substitutions: Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email or in person on the day of the event.