Agency Law Course

An agency relationship in the context of an insurance business is between an insurance company and an insurance intermediary who acts on behalf of the insurance company.

This relationship is a fiduciary one and it is established through an agreement which can be express or implied. The agent needs to act in the best interest of the company.

Our Agency Law training course will help your staff learn more about the role of insurance agents, and their authorities, rights, duties and liabilities.

Start a Free Trial

Chevron Skillcast chevron graphic
agency law

About this Course

Available as part of our Insurance Library.

Learning Objectives

This course will prepare your employees to:

  • Recognise the nature of an agency relationship - the rights, duties, authority and liabilities
  • Identify the types of agents
  • Understand the regulations concerning agents

About this Course

Available as part of our Insurance Library.

Welcome

What is agency?

- How does this apply to insurance?

Appointing an agent

- You decide: Appointing an agent

Agent remuneration

- You decide: Agent remuneration

Agent's authority

Ratification

Agency by necessity

Rights & duties of an agent

Terminating the agency

Managing General Agents

Producing & placing brokers

- You decide: Producing or placing?

Third-party Administrators

Agent acting for two principals

- You decide: Acting for two parties

Agent liability

Regulation of agents

Legislation that impacts financial services

European-originated regulations

Summary

Affirmation

Assessment

Course Specifications

Structure

Structure

Approximately 30-minute long e-learning course followed by a 10-question assessment.

Audience

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via a client style sheet.

Compatibility

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

Tailoring

Tailoring

Fully customisable on Skillcast Portal CMS.

Translation

Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

Localisation

Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

FCA Courses Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

Start a Free Trial

Chevron Skillcast chevron graphic
FCA Courses Library