Professional Certificate in Special Needs Trusts
… donation, and palliative care. Beneficiary An individual who is entitled to receive benefits or assets from a trust, insurance policy, or other legal arrangement. In the context of special needs trusts, the beneficiary is typically a person with a disability who requires financial support. Capacity The legal ability of an individual to make decisions for themselves. …
Specialist Certification in Insurance Law and Professional Liability
… policies are often considered adhesion contracts because the insured party usually has limited ability to negotiate the terms and conditions. 2. Agent An insurance agent is a licensed professional who sells insurance policies on behalf of an insurance company. Agents may work for a single insurance carrier (captive agent) or represent multiple companies (independent agent). …
