BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P3D REFRESH-INTERVAL:P3D CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/New_York BEGIN:DAYLIGHT RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=+2SU DTSTART:20070101T000000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:Eastern Daylight Time END:DAYLIGHT BEGIN:STANDARD RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=+1SU DTSTART:99991231T000000 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:Eastern Standard Time END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/New_York:20200602T090000 DTEND;TZID=America/New_York:20200602T160000 X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:MLIS - Fiduciary Liability: What You Need to Know DESCRIPTION:MLIS - Fiduciary Liability: What You Need to Know About Exposures and Insurance \n(this course is currently being offered as a webinar due to the COVID 19 pandemic)\n\nNEW! 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 underwritersThis 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.Learning ObjectivesThis is an intermediate level course. Upon successful completion\, students will be able to:identify the specific fiduciary duties enumerated within ERISA\, recognize how the law defines "fiduciary\," and identify the standards of care required of fiduciariesrecognize the significance of "prohibited transactions" and identify measures fiduciaries can use to avoid themidentify the types of plans that are both included within and exempted from ERISA regulationsidentify the most common fiduciary liability exposures resulting from the three major types of employee benefit plansrecognize the key factors insurers use to underwrite and price fiduciary liability coverageidentify the various methods of preventing claims against fiduciariesrecognize the ways in which fiduciary liability policies can be (1) coordinated with employee benefits liability policies and (2) incorporated within executive liability package policiesidentify the two major insuring agreements found within fiduciary liability policy forms\, and recognize key coverage extensions that are often availablerecognize the effect of the covered persons and covered organizations provisionsrecognize how coverage under the policies applies to various types of organizational "status changes"recognize how various coverage terms are defined within the policies\, including covered losses\, claim\, policy territory\, defense costs\, and claims settlement proceduresrecognize the operation and effect of the policy's limits and deductibles/retentions provisions\, especially within the context of legal actions involving multiple claimantsidentify the purpose and function of the following key fiduciary liability policy conditions: subrogation/recourse\, and severabilityidentify the exclusions found within the policies\, recognize the variations within these exclusions as offered by various insurers\, and identify the rationale underlying these exclusionsidentify the components of a fiduciary liability's claims-made provisions and recognize how these components apply in claim situationsApproved for 6 NJ CE Credits X-ALT-DESC;FMTTYPE=text/html:

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&mdash\;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.

Learning Objectives

This is an intermediate level course. Upon successful completion\, students \;will be able to:

  1. identify the specific fiduciary duties enumerated within ERISA\, recognize how the law defines &ldquo\;fiduciary\,&rdquo\; and identify the standards of care required of fiduciaries
  2. recognize the significance of &ldquo\;prohibited transactions&rdquo\; and identify measures fiduciaries can use to avoid them
  3. identify the types of plans that are both included within and exempted from ERISA regulations
  4. identify the most common fiduciary liability exposures resulting from the three major types of employee benefit plans
  5. recognize the key factors insurers use to underwrite and price fiduciary liability coverage
  6. identify the various methods of preventing claims against fiduciaries
  7. recognize the ways in which fiduciary liability policies can be (1) coordinated with employee benefits liability policies and (2) incorporated within executive liability \;package policies
  8. identify the two major insuring agreements found within fiduciary liability policy forms\, and recognize key coverage extensions that are often available
  9. recognize the effect of the covered persons and covered organizations provisions
  10. recognize how coverage under the policies applies to various types of organizational &ldquo\;status changes&rdquo\;
  11. recognize how various coverage terms are defined within the policies\, including covered losses\, claim\, policy territory\, defense costs\, and claims settlement \;procedures
  12. recognize the operation and effect of the policy&rsquo\;s limits and deductibles/retentions provisions\, especially within the context of legal actions involving multiple \;claimants
  13. identify the purpose and function of the following key fiduciary liability policy conditions: subrogation/recourse\, and severability
  14. identify the exclusions found within the policies\, recognize the variations within these exclusions as offered by various insurers\, and identify the rationale underlying \;these exclusions
  15. identify the components of a fiduciary liability&rsquo\;s claims-made provisions and recognize how these components apply in claim situations

Approved for 6 NJ CE Credits

LOCATION: UID:e.1494.156020 SEQUENCE:3 DTSTAMP:20200702T174803Z URL:https://members.biginj.org/education-events/Details/mlis-fiduciary-liability-what-you-need-to-know-174001?sourceTypeId=Hub END:VEVENT END:VCALENDAR