MLIS - Fiduciary Liability: What You Need to Know About Exposures and Insurance
(this course is currently being offered as a webinar due to the COVID 19 pandemic)
NEW! The Management Liability Insurance Specialist (MLIS) designation program provides specialized expertise in the fundamentals of professional liability insurance and the more specific nuances of directors and officers (D&O) liability, employment practices liability (EPL), and fiduciary liability exposures and insurance. Plus, this program is completely updated with an all new cyber course and the latest laws, ruling changes, coverages, exposures, and the information you need to succeed.
Those who complete the program are entitled to display the MLIS certification to demonstrate their knowledge of management liability insurance and risk management. Recommended for retail insurance agents/brokers and risk managers, as well as surplus lines brokers and underwriters
This course has two goals—to take a detailed look at the fiduciary liability exposures that were created by the Employee Retirement Income Security Act (ERISA) of 1974 and to review the insurance policies that have been developed to cover these liability exposures.
The first part of the course describes the basic fiduciary duties set forth in ERISA, examines the specific types of pension and benefit plans governed by ERISA, and analyzes the particular claims exposures created by these duties. Next, the course discusses the way in which fiduciary liability insurance is underwritten, provides methods of controlling exposures to fiduciary liability claims, and explains how fiduciary liability coverage is coordinated with other types of management liability insurance policies. The second part of the course takes a detailed look at the specific provisions within fiduciary liability insurance policy forms, including insuring agreements, covered persons/organizations, provisions pertaining to status changes, key definitions, limits/deductibles, conditions, exclusions, and coverage triggers.
This is an intermediate level course. Upon successful completion, students will be able to:
Approved for 6 NJ CE Credits