Looking for convenient yet valuable online CE?
Your state association has partnered with The Agents & Brokers Education Network (ABEN) to bring you relevant and professionally produced insurance education and training via live webcast technology.
ABEN's online CE platform will stream professional instructors right to your office, along with related course material and the ability to ask questions and chat with other students.
The Agents & Brokers Education Network (ABEN) is a joint project of state insurance and brokers associations who have a common goal: IMPROVING THE QUALITY AND ACCESSIBILITY OF DISTANCE LEARNING OPPORTUNITIES AVAILABLE TO THEIR MEMBERS.
ABEN aims to serve as a platform to showcase and exchange the best in continuing education for mutual benefit of the associations and their membership. Business Professionals' Network manages the network and ensures the performance of the cutting edge technology that is the hallmark of ABEN.
The ABEN network is founded on the use of streaming video content over the internet that provides the participant with live, full motion video of the presenter, high quality audio, along with coordinated powerpoint slides. The ABEN platform, provided by Business Professionals' Network and its technology partner, BizVision, also allows the end user to fully participate in the webcast by downloading written materials, emailing questions to presenters in real time, making notes in the viewer "notes" area, and emailing those notes to themselves for later use. For more details view The ABEN Difference.
There are two processes for group viewing based on the numbers of viewers interested in viewing a webcast.
Small Groups - 2-9 viewers - Please contact the ABEN helpdesk at firstname.lastname@example.org or 800-747-1719, and ask for assistance in setting up a Corporate Account Administrator role.
Large Groups - 10 or more viewers - Please contact Sally Smith at email@example.com for discounted pricing information.
For more information, please visit the Corporate Accounts FAQs.
This seminar begins with a practically oriented inquiry into how losses are adjusted on a day-to-day basis. The seminar introduces not only the two key adjustment valuation measures – “actual cash value” and “replacement cost” – but also stresses to the students that the concepts are not as uniform and concrete as industry practice may suggest. It then explains why this matters and includes practical illustrations of loss adjustment scenarios in which it is either impractical, impossible, or at least implausible to recreate precisely what the insured had prior to the loss. These situations include older homes with ornate or impossible to replace materials; farm structures which cannot be rebuilt; and similar instances in which loss adjustment or settlement is complicated.
The seminar then turns to the increasingly frequent and vexing problem of who is a “resident” of a household for insurance purposes. For nearly two decades, states such as Indiana has used formulations such as, “[O]n the whole, the person will be a resident if all the facts demonstrate that he or she has maintained a ‘fixed abode’ in the household for some continuous time.” (Allstate Insurance Co v. Shockley (S.D. In. 1991)).
Practically speaking, this is not of much assistance to producers. The section (and the problem) is illuminated by examining some of the other rules for “residency,” such as:
The seminar then turns to issues connected with having a personal lines insured operate a business out of the insured home. This section discusses the prevalence of such arrangements, and also how those arrangements are treated under industry standard forms. This section concludes with a discussion of case law.
Presenter Richard S. Pitts
State Specific Details:
TN, SC - This course is approved for 2 hrs CE in these states
SC: This course is approved in SC but please complete the required affidavit in the materials section (zip file - IMPORTANT CE INFORMATION & STATE REQUIRED FORMS)
OH - This course is approved for 2 Hours CE in Ohio - Course#37932
NJ - This course is approved for 2 hours CE in New Jersey - Course # 88892516
WI - This course is apporved for 2 hours CE - Course # 67704
VT - This course is approved for 2 hrs CE - Course # 25301
UT - This course is approved for 2 hrs CE - Course # 29361
MD - This course is approved for 2 hrs CE - Course # C12292
OK - This course is approved for 2 hrs CE - Course# 1020294 (Agent)
KS - This course is approved for 2 hrs CE - Course # 989085 Gen-2
KS Agents- KAIA will email the agent a certificate within 10 business days-THE AGENT IS RESPONSIBLE FOR FILING THIS FORM WITH THE STATE OF KANSAS.