Washington- Errors and Omissions

Total Hrs / Order Price
1-5 $13.95
6-17 $22.95
18-24 $39.95
25-50 $49.95
51+ $49.95 + $2.00 per
additional hour over 50

Pricing based on total number of
hours in order.

Approved For:

  • All Licenses

Credit Hours
8

Course Type
Online

DOI Number
247137

Publisher
Affordable Educators

State
Washington

State
State CE Requirements

Description

No matter what line of work you’re in, you’re at a greater risk of being involved in a lawsuit than at any time in past history. We live in a litigation-friendly society, where unfortunate occurrences are often seen as someone’s fault—rather than happenstance. High-profile lawsuits are common topics of news coverage. Our products and services are more complicated than ever—providing more opportunities for things to go wrong. And anyone can be a target—from employers and businesses to individual citizens.

Errors and omissions insurance provides important protection to professionals in every sector, covering claims for damages that aren’t covered by other forms of liability insurance. As an insurance agent, you can help other professionals protect themselves from financial loss due to errors, omissions, or negligence.

This course provides you with a thorough understanding of errors and omissions insurance, including applicable legal concepts, forms, and legal terms,. With it, you’ll gain the knowledge you need to sell errors and omissions insurance to your business and professional customers. Topics include:

  • The liability environment today.
  • Managing risk.
  • Liability insurance.
  • E&O Liability.
  • Agent-Broker E&O.

No professional or business can afford to leave themselves unprotected when it comes to errors and omissions. As an insurance agent, your expert knowledge in this area will provide a beneficial service to your clients. Order this online course today—and help your customers safeguard their businesses.

Required CE Hours for Renewal

  • All licenses

    • Complete a minimum of 24 approved credit hours for that license type per each two-year license term, including three hours of ethics continuing education training.

Special Training/Education Requirements (LTC, Flood, Ethics, others)

  • Long Term Care -LTC

    • Agents wishing to sell Long Term Care are required to take a one time only 8 hour Department of Insurance certified course
    • Each license term thereafter each agent must complete a 4 hour Long Term Care Partnership CE course that is approved by the department.
  • Flood Insurance Training

    • An insurance producer who sells flood insurance may satisfy the minimum training and education requirements by completing a 3-hour course related to the National Flood Insurance Program (NFIP).

How are Hours Reported

  • We will notify the Department of Insurance electronically completed hours within one business day. The licensee will also be rquired to self-report their completed hours to WAOIC. The licensee is required to print and keep the certificate of completion in their files for three years.

License Term

  • License term is every two years on the last day of the licensed agents birth date.

Course Type approved for Continuing Education

  • Online courses
  • Independent Self-study
  • Classroom Study

Final Exam

  • Non-Monitored Open Book Exam
  • Must answer at least 70% of the questions correct to pass.

Carryover CE Hours

  • CE credits may not be carried over from one term to the next.

Repeating Courses

  • Courses can not be repeated in a three year period.

Completion Certificates

  • Certificates of completion are available as soon as a course is completed with a passing grade. Certificates should be printed and kept on file for 3 years.

Non-residents (except for LTC)

  • Nonresident agents wanting to sell LTC products will have to complete the same courses as resident agents.

State of Washington, Office of Ins. Commissioner
Agents/Brokers Division

CE information (360) 725-7146 or (800) 725-7146
Renewal information (360) 725-7144
Fax (360) 586-2019
Email: licinfo@oic.wa.gov

Mailing Address:
State of Washington, Office of Ins. Commissioner
Agents/Brokers Division
P.O. Box 40255
Olympia, WA 98504-0255