Advanced Protection and Indemnity Class - 1 day

Tuesday 30 November 2021, 10:00am - 05:00pm
     

Virtual Event

About the AIMU Virtual Classroom
AIMU utilizes the GoToWebinar and GoToTraining platforms, which allow full attendee engagement through Q&A and chat panels, and interactive polling with video engaged for all instructors. Attendees can ask questions in real time and share experience and information with other students in the class. All classes are instructed by subject matter experts who are leaders in their individual fields. Each class is designed with 50-minutes of instruction followed by a 10-minute break, as well as a one-hour lunch break for a full-day class.

 

REGISTER HERE

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 $200 members, $400 nonmembers. 

Instructors:  
Tracy Ann Kiffer, VP, The Hartford
Christopher Hill, Underwriter - Marine, BEAZLEY GROUP

CE Credits:  Approved for 6 CE Credits in NY, NJ for Agents and Brokers license.
Also approved for 6 NAMS and SAMS Credits.

Program Features: Handouts; Lecture Notes; Continuing Education Credits

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/Substitutions: Refund requests will be honored if received at least 48 hours prior to the scheduled start date. Cancellations received after the refund deadline and "no shows" are subject to the full registration fees. Substitutions may be made by notifying AIMU via email. Please contact Elvira Rodin at erodin@aimu.org.

Location Remote option only

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