Pet Insurance Fundamentals: Underwriting, Rating, and Renewal in Practice

Instructor

UIE

Phone

(253) 846-1155

Email

mail@uiece.com

Course Overview

Pet Insurance Fundamentals: Underwriting, Rating & Renewal in Practice provides the required training for producers under Section 7 of the NAIC Pet Insurance Model Act[1]. This course equips licensees to explain policy structures, waiting periods, and preexisting condition rules with accuracy and professionalism. Participants explore how underwriting and rating operate in a developing line of business that combines personal and property risk, and they learn to apply the Model Act’s disclosure, documentation, and ethical communication standards in practice.

To comply with the NAIC Model Act for Pet Insurance, the course covers all four mandated areas:

Preexisting conditions and waiting periods - definitions, timing, claim impact, and clear client explanations.
Differences between pet insurance and non-insurance wellness programs - truth-in-labeling, separate pricing, and disclosure.
Hereditary disorders, congenital anomalies/disorders, and chronic conditions - what each term means and how policies treat them.
Rating, underwriting, renewal, and related administrative topics - pricing variables, renewals, cancellations, documentation, and fairness.

Although the NAIC Model Act is U.S.-based, its principles parallel Canada’s Fair Treatment of Customers (FTC) framework under the Canadian Council of Insurance Regulators (CCIR) and Canadian Insurance Services Regulatory Organizations (CISRO). Canadian brokers and adjusters will find the same competencies, transparency, product suitability, and fair conduct embedded throughout this course, ensuring cross-border relevance and alignment with both U.S. and Canadian expectations for consumer protection.

Course Schedule

Chapter	Subject	Description
Chapter 1	Introduction	Background of pet insurance.
Chapter 2	Preexisting Conditions & Waiting Periods	Covers the NAIC outline for this requirement.
Chapter 3	Pet Insurance vs. Non-Insurance Wellness Programs	Covers the NAIC outline for this requirement.
Chapter 4	Hereditary, Congenital & Chronic Conditions	Covers the NAIC outline for this requirement.
Chapter 5	Rating, Unerwriting, Renewal & Administrative Topids	Covers the NAIC outline for this requirement.
Chapter 6	Case Studies & Applied Scenarios	Case studies
Chapter 7	Sample Policy	Sample policy

Additional Information

None