You may be trying to access this site from a secured browser on the server. Please enable scripts and reload this page.
Turn on more accessible mode
Turn off more accessible mode
Skip Ribbon Commands
Skip to main content
Turn off Animations
Turn on Animations
Hidden Anchor
Special Menu
About Us
Mission Statement
Strategic Plan
Contact Us
IIABL Staff
Board of Directors
Local Big "I" Associations
IIABA
Other State Associations
Join IIABL Now!
Our Partners
Young Agents
IIABL Community Hub
Sign In
search
main menu
panel menu
It looks like your browser does not have JavaScript enabled. Please turn on JavaScript and try again.
Calendar
Education & Events
Education
Continuing Education
New Hire Training
Virtual University
Prelicensing
CLCS Program
IA-MBA Program
Producer Bootcamp
The Ultimate Account Manager Series
Events
Annual Convention
Spring Conference
Young Agents Conference
Fall Conference
Women In Insurance Conference
Young Agent Cornhole Tournament
Information Resources
Roux News
Technical Advisory Directory
Checklists & Forms
Catastophe Planning
Frequently Requested Statutes
Member Benefits Guide
Ask An Expert
Virtual University
Lousiana Agent Newsletter
IA Magazine
About Us
Marketplace Reports
New Agency Toolkit
Webinar Archive
Insurance Products
Markets for Customers
IMS
Big "I" Markets
Personal Umbrella Program
In-Home Business Program
Flood Insurance
Premium Finance
Health Insurance Brokerage
e2Value
Markets for Your Agency
Agent Professional Liability
Cyber Liability for Agents
Agency Management
Big I Hires
Remote Staffing Solution
Find & Hire Talent
Employee Aptitude Test
Trusted Choice
ePayPolicy
DocuSign Esignature
Best Practices
ACT
InsurBanc
ACORD Forms
Agency Consulting Services
Agency Manuals
Agency Perpetuation
Agency Valuation & Perpetuation
Agency-Company Appointment Contracts Guide
Catalyit
Cybersecurity Resources
Rough Notes Advantage-Plus
Advocacy
Frequently Requested Statutes
Legislative Information
LDI Regulations
Federal Affairs
Industry Affairs
IIABL is the premier association for independent agents, representing agents and their employees in Louisiana
Association for Independent Agents | IIABL
Recent
Currently selected
Event Calendar
Partners
Manage Permissions
|
Version History
|
Export Event
Title
Hot Topics in Personal Lines
Location
Location City
Webinar
Location Description
Start Time
11/5/2020 10:00 AM
End Time
11/5/2020 12:00 PM
All Day Event
Recurrence
Workspace
Description
This seminar begins with a practically oriented inquiry into how losses are adjusted on a day-to-day basis. The seminar introduces not only the two key adjustment valuation measures – “actual cash value” and “replacement cost” – but also stresses to the students that the concepts are not as uniform and concrete as industry practice may suggest. It then explains why this matters and includes practical illustrations of loss adjustment scenarios in which it is either impractical, impossible, or at least implausible to recreate precisely what the insured had prior to the loss. These situations include older homes with ornate or impossible to replace materials; farm structures which cannot be rebuilt; and similar instances in which loss adjustment or settlement is complicated. The seminar then turns to the increasingly frequent and vexing problem of who is a “resident” of a household for insurance purposes. For nearly two decades, states such as Indiana has used formulations such as, “[O]n the whole, the person will be a resident if all the facts demonstrate that he or she has maintained a ‘fixed abode’ in the household for some continuous time.” (Allstate Insurance Co v. Shockley (S.D. In. 1991)). Practically speaking, this is not of much assistance to producers. The section (and the problem) is illuminated by examining some of the other rules for “residency,” such as: The person need not be a permanent member of the household. The person must possess the subjective intent to stay for more than a “transitory” period; That subjective intent may be found in objective words and actions. The seminar then turns to issues connected with having a personal lines insured operate a business out of the insured home. This section discusses the prevalence of such arrangements, and also how those arrangements are treated under industry standard forms. This section concludes with a discussion of case law. Presenter Richard S. Pitts
Registration Link
Register
Event Affiliation
LA
Feature Content
Subject Classification
Subject Keywords
Audience Classification
Audience Keywords
Additional Keywords
Keywords
Item Permissions
IA Permissions Suffix
Month
November
IAExcludeFromCalendar
No
License Type
Additional Instructions
Additional Information
Event Status
CE Units
Event Contact
Maximum Attendees
Event Type
Event Subtype
webinar
Attachments
Content Type:
IA_Event
Version: 1.0
Created at 10/16/2020 9:33 AM by Kathleen O'Regan
Last modified at 10/16/2020 9:33 AM by Kathleen O'Regan
Site Contents