With Australia’s terror threat level remaining on high, NIBA College has launched a new online CPD program to ensure brokers are up to speed on terrorism’s insurance implications.
The course will explore the Terrorism Insurance Act 2003, which was invoked after the Martin Place siege, to help brokers understanding how the act affects insurance claims that may arise, and what constitutes an “eligible terrorism loss”.
The training program is worth two CPD points and costs $60 per person for NIBA members, and $75 for non-members. It will provide an overview of:
- the Terrorism Insurance Act (TIA) and how it operates;
- the effect of a terrorism event having been declared under the TIA;
- the policies that are caught under the TIA requirements;
- whether a claim, loss or liability is an “eligible terrorism loss”; and
- some of the key provisions in standard ISR Mark IV and business pack policies which relate to a claim arising from a terrorism incident.
To enrol, click here.
This course is available to all Principal members who have signed up to the Self-Managed CPD Training initiative. Bulk subscriptions and individual enrolments are also available.
For all CPD queries, contact NIBA’s L-J Milton on (02) 9459 4319 or email firstname.lastname@example.org