Advanced Protection & Indemnity

 
Wednesday 06 December 2017, 10:00am - 05:00pm
     

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This course is intended to provide an in depth look at Protection and Indemnity underwriting and is a complement to the AIMU Introduction to Protection and Indemnity course. Students will go into a detailed review of forms and clauses as well as examine their implications to the risk. It will address, on an advanced level, the rationale for rating. Manuscript policies and the implications of certain additional clauses will also be discussed. Attendees should have previous experience with P&I and be ready to actively participate in discussions regarding the subject and how it relates to their field.

Course Outline:

Introduction
Policy Form

  1. Form Comparison
  2. Exclusions
  3. Form Use

Rating P&I

  1. Exposure Rating
  2. Loss Rating
    1. Loss Development
    2. Exposure Change
    3. Large Loss
    4. “As If”
    5. Loss Rating Exercise
    6. AAD

Loss of Life/Bodily Injury

  1. Death on the High Seas Act (DOHSA)
  2. General Maritime Law
  3. Jones Act
  4. State Law

Statutory Coverages

  1. USL&H
  2. MEL
  3. Jones Act
  4. OPA

Pollution Liability

  1. Federal Law
  2. State Law
  3. Pollution Exclusion and Buy Back
  4. WQIS

 Contractual Agreement

  1. Waiver of Subrogation
  2. Indemnity Agreement
  3. Release Agreemenent
  4. Knock for Knock” Agreements

P&I Clubs
War Risk P&I/Second Seam
 
“Misdirected Arrow”

  1. What is it?
  2. How does it affect the policy?

Terrorism and TRIA as relates to P&I
Discussion and Questions

Who Should Attend:  Insurance company underwriters and other marine professionals who have completed AIMU's Introduction to Protection and Indemnity Insurance and/or have had experience with Protection and Indemnity underwriting or claims.

The tuition is $330 members, $660 nonmembers. Fee cost includes continental breakfast, lunch, and handouts.

Instructors:  
Tracy Ann Kiffer, VP, Navigators Management Co., Inc.
Christopher Hill, AVP, Berkley Offshore Underwriting Managers

CE Credits:  Approved for 6 CE Credits for NY, NJ, MA, and TX for Agents and Brokers license (for in-person attendees only). Also approved for 6 NAMS and SAMS Credits.

On-site Attendees: Tuition includes continental  breakfast, lunch, CE credits and materials provided on-site.

Distance Attendees: The course handouts and  lecture notes will be mailed out in advance, along with log in codes.

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 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%. 

Program Features: Continental Breakfast; Lunch Handouts; Lecture Notes; Continuing Education Credits

Location 14 Wall Street, 8th floor New York, NY 10005
Contact Elvira Rodin at 212-233-0550 or erodin@aimu.org

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