Introduction to Protection and Indemnity (2 days)

 
From Tuesday 16 April 2019 -  10:00am
To Wednesday 17 April 2019 - 05:00pm
     

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Overview:  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.  

Who Should Attend: Underwriters, claims personnel, investigators, maritime shipowners, attorneys, insurance agents and brokers.

Instructors:
Tracy Kiffer,
AVP, Navigators Management Co.
Christopher M. Hill, AVP, Berkley Offshore Underwriting Managers 
Steve Rible, Mendes & Mound LLP
Andrew Kinsey, Allianz Global Corporate and Specialty

Continuing Education Credits: NAMS: 12 Credits SAMS: 12 Credits

State Insurance Departments
12 credits in NY, NJ, TX
10 credits in MA


COURSE OUTLINE

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 

  1.  Protection and Indemnity Clauses SP-23 (revised 1/56)

1.  Coverages Provided

a. Loss of Life / Personal Injury
b. Maintenance and Cure
c. Third Party Liabilities
d. Wreck Removal

2.  Form Exclusions

a. War Risks
b. Towing

3.  Common Endorsements

a. Punitive Damages Exclusion
b. Pollution Exclusion
c. Nuclear Exclusion
d. Diving Exclusion
e. AIMU Chemical, Bio-Chemical and Electromagnetic Exclusion
f. AIMU Radioactive Contamination Exclusion
g. International Economic and Trade Sanctions Clause (OFAC)

  1.  Protection and Indemnity Clauses - SP 38

  2. AIMU Protection and Indemnity Clauses

  3. 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 

Program Features: Continental Breakfast Lunch Handouts & Lecture Notes

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  John A. Miklus at (212) 233-0550

Refunds/Cancellations
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%. 


Location 14 Wall Street, 8th floor, New York, NY 10005
Contact Elvira Rodin at erodin@aimu.org
For questions about educational credits, contact our Education/Training Specialist, Eileen Monreale
Office phone: 212-233-0550
Emails: emonreale@aimu.org

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