Title |
MII Technical Course in Liability Insurance – Product Liability |
Date |
21 – 22 March, 2012 |
Duration |
2 Days |
Level |
Intermediate |
Time |
9.00 am to 5.00 pm |
Venue |
The Malaysian Insurance Institute
MII City Centre
S17-S28, 2nd Floor,
Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur |
Trainer |
TBA |
Who Should Attend |
- Insurance Industry Personnel who have basic knowledge in Insurance or basic knowledge in Liability Insurance
- Non– insurance personnel whose work require an understanding or practical knowledge of the subject
- Anyone who require knowledge on insurance
|
Key Learning Outcomes |
At the end of the course, participants will be able to :
- explain the object and importance of Product Liability and the effects of legislation and statutes on the policy coverage
- explain the development and the various laws governing Product Liability insurance
- understand the Strict Liability laws in the USA and their applications
- identify the relevant principles and case laws applicable
- apply the techniques learnt and experience shared to make a good underwriting decision
|
Course Content |
- Introduction to Product Liability Insurance
- Development of Product Liability Law and Reference to Case Law
- The European Directive on Product Liability
- Product Liability Laws of Australia and Asia
- Strict Liability Laws in the USA and their applications
- The US Legal System
- Theories Applicable in Product Liability Insurance
- Product Liability Mandatory and Voluntary Standards
- Absence of Safety Device, Adequate Warning or Instructions
- Implied and Express Warranties
- Case Law relating to Warranty, Alternative Rights arising from Negligence, Breach of Implied Warranty
- What is a Product and a Defective Product?
- Persons who may be liable and the Parties in the Stream of Commerce
- Underwriting - risk assessment
- Policy forms; Claims Made Vs Occurrence
- Coverage Specifics
- Case Study
|
