CIP013 - Insurance Against Liability Part I

Outline info
Semester
School
Last revision date 2013-10-01 18:44:48.713
Last review date 2013-11-18 00:15:11.112


Subject Title
Insurance Against Liability Part I

Subject Description
Insurance Against Liability Part I: This subject introduces students to those legal principles that affect liability insurance including an introduction to the Canadian legal system and the differences between the common law and the Civil Code of Quebec. The course includes discussion of some of the more common ways people become liable to each other and explains how this liability may be insured or why it cannot be insured.
Pre-requisites: CIP012, and CIP014

Credit Status
One Credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Demonstrate a basic understanding of the Canadian legal systems and how they relate to liability insurance.

2. Explain how different types of liability arise and how an individual or organization may deal with each one.

3. Show an understanding of the legal concepts which apply to liability insurance.

4. Discuss in detail the policies and coverages available for different types of liability exposure, the applicable conditions and exclusions.

5. Outline the basic underwriting considerations for various types of liability exposure.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
CIP011 and CIP012

Topic Outline

  • Introduction to liability insurance
  • Canadian law
  • General concepts of liability
  • Common law and the Quebec Civil Code
  • Products liability and its effects
  • Liability policies
  • Measuring underwriting exposure

Mode of Instruction
Students learn through classroom lectures, discussions, and question and answer periods.

It is the student's responsibility to save documents, articles and notes that the instructor has provided on BlackBoard or in class. Students will not be able to access BlackBoard as of the last day of the student's class.

Prescribed Texts
Textbooks must be purchased directly from the Insurance Institute of Canada (416-362-2588). College fee does not include textbook.

Reference Material
None

Required Supplies
A notebook, pens, highlighter

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation

Quizzes 10%
Assignment 15%
Midterm 35%
Final Exam 40%
 

Those students electing to obtain a credit from the Insurance Institute of Canada (IIC) will write the IIC final exam, which will be written outside of Seneca College. Details regarding the registration process, payment, and date/time/location will be communicated to the class by the Seneca College course instructor. Those students not wishing to pursue the IIC credit will write a Seneca College final exam. In both cases, students who are successful will receive a Seneca College credit.

To obtain the IIC credit: students must achieve a minimum mark of 70% on the term work (counted out of 100) and 55% on the IIC final exam
(counted out of 200) for a combined minimum total mark of 180 out of 300. To obtain Honours, an overall course grade of 80%, including a minimum final exam mark of 80% (240 out of 300) is required. 


Approved by: Susan Horne