Ownership and experience rating can be complex and at times confusing when navigating the intricate regulations. In addition to illuminating the ownership process, this self-paced course demystifies the impact on an experience modification (X-Mod) when a business is sold or acquired by new owners and much more. The course also provides step-by-step methods to evaluate a change in ownership and ascertain whether the experience should apply to a new owner.
Composed of eight modules (five hours of training), the Ownership and Experience Rating course will help learners:
Review changes in ownership for businesses and determine what happens to the X-Mod
Identify when businesses that share common ownership must be combined for experience rating
Know when separate entities can be covered on the same policy
Understand why it is important to obtain detailed ownership information when underwriting a policy
Use WCIRB Connect® to submit and check the status of a change in ownership for a policyholder
The Ownership and Experience Rating course is approved for five Continuing Education (CE) credits toward a Property and Casualty license with the California Department of Insurance.
