ILScorp Blog

Insurance fraud continues to be a major issue. It impacts every insurance company and virtually every customer as insurers increase premiums to offset fraud losses. The general consensus is that suspicious activity is increasing and the tactics used by fraudsters are more sophisticated. o what constitutes insurance fraud? Insurance fraud happens when an individual or a group of persons deceives an insurance provider to get some money. They do this with full knowledge of the act and can be very resourceful when fabricating or exaggerating a claim.

INSURANCE CONTRACT BASICS. People enter into insurance contracts for the protection these contracts provide. Contracts can be made orally or in writing. To eliminate disputes as to whether a contract existed, it is recommended that contracts having significant or long term obligations be made in writing.
Parties to the Contract: There are at least two parties to every contract regardless of its purpose. In property insurance contracts, these parties include: – the insurer, and the insured.

EXAMPLE: Last week, Alex and Olivia Gregory completed an application for insurance for their home. The application was sent to the XYZ Insurance Company. They received their insurance policy yesterday. Both the Gregorys and the insurance company are considered to be parties to the contract.

View the video demo of the ILS Level 1 General Insurance Licensing Program and test your knowledge by taking the quiz. The ILS Level 1 Licensing program has everything you need in one package to successfully pass your Level 1 General Insurance Licensing exam. Still not sure if this program is the right choice for you? View the CHAPTER 1 video demo, a quick sample of Chapter 1 of the L1 program, INTRODUCTION TO GENERAL INSURANCE and see what taking an online course is all about.

But why would you want to work in insurance? Looking for a solid career that won’t require a multi-year college degree? The insurance industry may be just the right place for you. People may not think of insurance as the most glamorous industry in Canada, but it does offer stability, challenge and growth to those who choose the profession. It’s an incredibly diverse and gratifying career choice, with huge scope for personal fulfillment, network building, professional development and of course financial reward. A career in insurance will take you as far as you want to go.

Your CE is fast, easy and done all at one low cost with the ILScorp General Insurance CE Course Subscription. The ILS General CE Course Subscription contains over 185 provincially accredited online courses including 21 courses that are RIBO accredited in the Management Category. RIBO accredited courses in the Personal Skills and Technical Category are also part of the ILS General CE Course Subscription.

Need RIBO Management CE for your September 30th deadline? Introduction to Cyber Risks for Insurance Professionals is now available as part of your ILScorp CE Course Subscription. This new course is valid for 3 continuing education hours – RIBO ACCREDITATION – 2 MANAGEMENT CE HOURS and 1 TECHNICAL CE HOUR

New ILS L1 Program has everything you need in one package to successfully pass your OTL – Other Than Life – Level 1 General insurance licensing exam. OTL Level 1 General Insurance Licensing Exam Preparation Program includes: L1 General & Adjuster Insurance...

New ILS L1 Program has everything you need in one package to successfully pass your RIBO Level 1 General insurance licensing exam. The foundation of your ILS L1 Program is the online video course, hardcopy textbook, and workbook, each organized into easy to manage chapters. Utilizing all three learning elements enables you to listen to the content as it is narrated in the video course, follow along in your textbook, and enforce your knowledge retention by answering questions on key concepts in your workbook. With the ILS L1 Program all forms and coverages are current, key concepts are expressed using real life scenarios and examples, end of chapter quizzes can be taken as many times as you wish, and the workbook has over 650 exam type true or false questions along with answer keys.