This training program will state and elaborate the minimum standards for the investigation and settlement of insurance claims as per the California Fair Claims Settlement Practices Regulations. California, like many other states, requires that all insurers doing business in the state must train all its claims personnel on the Fair Claims Settlement Practices Regulations annually and no later than September 1 of each year.
This webinar will cover these regulations and will allow attendees to certify to any insurer that he or she has been trained concerning the regulations. That certification must then be maintained by the insurer to present it to the CDOI if required.
Why Should You Attend:
The regulations imposed on all insurance claims personnel the requirement that they read and understand the regulations or attend an annual training program no later than September 1 of each year. They require that insurers ascertain that every employee involved in any way in the claims process is trained about the regulations or has submitted a sworn statement that he or she has read and understands the regulations. The regulations even require that the insurance claims managing executive attest, under oath, that each employee has been trained with regard to and/or understands the Regulations. This requirement must be complied with in order to avoid the possibility of administrative penalties upon the insurer or prosecution of the officer for perjury.This webinar will cover these regulations and will allow attendees to certify to any insurer that he or she has been trained concerning the regulations. That certification must then be maintained by the insurer to present it to the CDOI if required.
Areas Covered in the Webinar:
- The reasons behind the California regulations
- The California Fair Claims Settlement Practices Regulations
- The rights of the CDOI to enforce the regulations
- The use of the regulations in trial
- The regulations and the court
Who Will Benefit:
- Insurer Claims Executives
- Insurer Claims Representatives
- Independent Insurance Adjusters
- Insurer SIU Investigators
- Insurance Agents and Brokers
- Operational Risk Managers
- Insurance Coverage Lawyers
- Insurance Claims Lawyers
Course Provider
Barry Zalma,
