Insurance is a way of managing risks like damage, death, or illness. The world of insurance has six essential principles, which include:

1. Insurable interest

This factor is insurance that protects anything that can have a financial loss. One can take an insurance policy to save an asset, and the insurance company will insure the assets against loss or damage. 

2. Utmost good faith

This factor is whereby the one who needs to ensure an asset provides detailed and relevant information about the insured assets. The information given must be accurate. For example, if an accident affects the insured investment, they will be covered when providing details. 

3. Proximate cause 

The principle of proximate cause highlights the leading cause of the loss or damage of an asset, and it deals with the actual cause and legal cause.

4. Subrogation

Subrogation means that the insurance company has the right to pursue a third party that brought a loss or damage to an insured asset. The company can pay for the loss or damage of the investment and, after that, will seek a refund from the third-party insurance company.


Indemnity means compensating the person for a loss or damage of the asset by the insurer, and its basis is on the agreement between the two parties. 

6. Contribution

This principle applies when more than one insurance company insures an asset. The insurer has the right to pursue compensation from the companies insuring the asset.

With so many causes available online today, online insurance course fundamentals can be more interesting than you think for students and job seekers.

This course helps one to have a strong foundation and knowledge in the field of insurance. Those who take this course will also have an idea of the composition of the insurance.

Objectives of this course

The main objective of an online insurance course is to know the basic principles of insurance as stated above. You will also be aware of various risks and how to assess them. Other areas brought in this course are risk management and types of insurance. To get the OTL License by PNC Learning after passing the exam and finding a job, there are other requirements to meet.

How to go about it

Most platforms offer online insurance course fundamentals exams, which are downloadable. There are also supplementary materials that you will acquire. They also have online multimedia lectures and customer support that you can contact anytime. Most platforms offer free online courses, but you pay for exams.

Who is suitable for this course?

Anyone with interest is suitable for this course. It doesn’t matter whether you are a student or a job seeker, and this factor is a good course for anyone interested in becoming an insurance broker. You don’t need to have previous knowledge or experience.

Online insurance course fundamentals provide the basics you need as an insurance broker. Now is the right time for you to pursue this course. This course can also help you know how to protect your assets, insurance policies, and their design and laws guiding the insurance.