Learning Center
Ownership and Experience Rating
Ownership and experience rating can be complex and at times confusing when navigating the intricate regulations. In addition to illuminating the Ownership process, this new 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 8 modules (5 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 5 Continuing Education (CE) credits toward a Property & Casualty license with the California Department of Insurance.
Register
To purchase a course, create a user account for WCIRB CompEssentials by registering at one of the following buttons:
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