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Management Liability Insurance Specialist

The Management Liability Insurance Specialist (MLIS) program is composed of a curriculum focused on four specialty lines that are quite complex and where generalists often make errors in designing programs for clients. It was created for retail insurance agents and brokers and risk managers but would also be useful to surplus lines brokers and underwriters. Created by the International Risk Management Institute, Inc., a leader in risk management and insurance research and education for more than 30 years.

All 2020 classes to be held at IIABSC Office in Columbia & filed for 6 hrs. P&C. 

View course dates/ register online using our Education Calendar

Five Core Courses:

Cyber & Privacy Liability Exposures and How to Insure Them
All companies using e-mail, take orders/collect data through their website, participate in social media, or use cloud services are exposed to significant potential first-party property and third-party liability claims. This course looks at the exposures facing companies with a detailed review of the policies designed to cover them. 

EPL: Understanding the Exposures and Insurance Coverage 
This course gives a detailed look at the liability exposures leading to employment-related claims and the insurance policies that have been developed to cover them including important common law exposures, statues, underwriting best practices, coverage terms and analysis of exclusions and coverage triggers are included.

Fiduciary Liability: What You Need to Know 
This course takes a detailed look at the fiduciary liability exposures that were created by the Employee Retirement Income Security Act (ERISA) of 1974 and reviews the insurance policies that have been developed to cover these liability exposures. Includes basic fiduciary duties, types of pension and benefit plans included and claims exposures of these duties. Also includes underwriting, methods of controlling exposures, and how to coordinate with other liability insurance policies. Specific provisions within the fiduciary liability coverage form are also discussed, including insuring agreements, covered persons/organizations, provisions pertaining to status changes, key definitions, limits/deductibles, conditions, exclusions, and coverage triggers.

How to Insure D&O Liabilities
Directors and officers of for-profit, publicly held corporations and not-for-profit corporations face a number of legal liability exposures. This course looks at the key provisions within a directors and officers (D&O) liability insurance policy and how they function within various claims scenarios.  

Topics discussed include: 
  • key insuring agreements, covered persons, organizations, and acts provisions,
  • two of the policys most important defined terms: covered damages and covered losses,
  • defense coverage provisions and defense procedures,
  • policy limits, retentions, and coinsurance provisions,
  • conditions and exclusions,
  • claims-made coverage trigger provision.

Understanding D&O Exposures
Directors and officers of for-profit, publicly held corporations and not-for-profit corporations face a number of legal liability exposures. This course looks at the following exposures:
  • the common law and statutory legal liability exposures to which the directors and officers of publicly held corporations are subject;
  • legal defenses available to directors and officers when a claim is made against them
  • the types of situations that give rise to these claims;
  • the factors that insurers consider when underwriting directors and officers (D&O) policies for publicly held and privately held companies;
  • the most effective methods of preventing and controlling claims against corporate directors and officers.

Program Requirements: 
To obtain the MLIS designation, you must complete the five core courses and pass the corresponding online examinations (with a minimum score of 70%) within five years.

Exams are taken online at the attendees convenience once the class has been completed. Exams are not given in class. Class registration includes the exam fee. 

Each course is independent of the others and you may complete them in any order you choose.

To maintain the MLIS certification, you will have 24 months to complete three hours of approved MLIS continuing education credits. After that, you must complete three hours each year. You may obtain this CE credit by attending approved MLIS courses, or completing online MLIS courses.