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  • Quarterly CE Meetings: Ethics or Fiduciary Task Management

Quarterly CE Meetings: Ethics or Fiduciary Task Management

  • August 07, 2013
  • 8:00 AM - 12:30 PM (PDT)
  • Tustin Banquet Center
We are offering two sessions at our quarterly meeting this month.  Join us for 4-hours of Ethics (satisfies mandatory ethics requirement) or a 2-hour fiduciary task management program.  Sessions will run simultaneously, so choose the one that best fits your need!  

You must attend the ethics session in its entirety to receive full credit.

The Ethical Edge for the Insurance Professional 
 4-Hour CEU / Pending Approval with the CDI

The cornerstone of any successful business is a reputation of integrity and ethical behavior.  This is especially true as agents, brokers, and insurance companies are intimately involved in protecting the assets of the customers they serve.  As a result, members of our profession are held to a high standard of care in dealing with their clients, and they should be.

 

Participants in this class will explore a number of areas surrounding ethics including:

  • Why ethical behavior is important
  • Consequences of not exhibiting ethical behavior
  • Morality vs. ethics
  • Approaches to ethical decision making
  • The value and implementation of a code of ethics and why it is good business

Attendees will have the chance to participate in a wide variety of group discussions and case studies which will reinforce the role each of them plays in delivering products and services in an ethical manner.  By embracing a "right vs. right" attitude, agents and brokers will come away with a clear understanding of the role ethics plays in the insurance business.

 

Chris Behymer Instructor
Chris Behymer, CPCU, ASLI, CIW 
Director of Business Development, Markel Corporation
  
Chris began teaching classes for the Insurance Institute of America in September of 1980 through Rio Salado Community College.  He received his Chartered Property and Casualty Underwriter (CPCU) designation in 1981 and the Associate in Surplus Lines Insurance (ASLI) designation in 2001.  In May of 2013, Chris received the Certified Insurance Wholesaler (CIW) designation offered by the AAMGA University.

 

Chris has developed and lead classes for a variety of insurance industry groups including the National Association of Professional Surplus Lines Offices (NAPSLO), the American Association of Managing General Agents (AAMGA), the Independent Insurance Agents and Brokers of Arizona, the Independent Insurance Agents of Wisconsin, and the Surplus Line Associations of Arizona, California, Oregon, and Utah.

 
More Information
Registration: 8 to 8:30 AM / Ethics Course: 8:30 AM to 12:30 PM
Cost to Attend: Member - $15 / Non-Member - $35

Register online for either session

Registration Form


Fiduciary Task Management PART 1: Insurance Fiduciary Duty 
2-Hour CEU / Course Number: 7190

CA Dept. of Insurance requires P&C insurance agents & brokers to receive premium funds in a fiduciary capacity, not as owners of funds but "trustees" or "custodians" of funds. This is the essence of insurance fiduciary duty. Premiums and return premiums must be maintained in a separate "trust" bank account and disbursed only to their legal owners. Insurance agents and brokers are personally responsible for violation of fiduciary duty. Violations of fiduciary duty are punishable with a loss of business license and/or legal prosecution for theft as provided by law.

 

Fiduciary "task" includes all activities related to the carrying out insurance broker's fiduciary duty. 

During this class students will learn about:
  • Meaning of "fiduciary" position
  • Reason why it is mandated by law
  • Difference between "sellers" and "brokers"
  • Advantages and disadvantages of fiduciary position
  • Fiduciary funds
  • Fiduciary duty management process
  • Investment opportunities
  • Violations of fiduciary duty
  • Retailers vs. wholesalers
  • Agency personnel's obligations
  • Case studies

Chris Marinescu Instructor

Chris Marinescu

Owner and Developer of Insurance Trust Account Technology

President of Paulmar Group LLC  

 

Chris is a DOI approved class instructor and is an author of several published articles on insurance trust account management.  He earned a Master Degree in Civil/Structural Engineering and Engineering Economics. 

 

More Information
Registration: 8 to 8:30 AM / Fiduciary Task Management Course: 8:30 to 10:30 AM
Cost to Attend: Member - $15 / Non-Member - $35

 

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