Management Liability Insurance Specialist (MLIS)

MAIA offers a five-part Management Liability Insurance Specialist (MLIS®) program in partnership with International Risk Management Institute, Inc. (IRMI®). The specialized MLIS curriculum focuses specifically on directors & officers (D&O) liability, employment practices liability (EPL), and fiduciary liability insurance. Management liability exposures and coverages are complex, and insurance generalists frequently make errors in designing programs for their clients. Completing the MLIS curriculum will ensure that the agent, broker, consultant, or in-house risk manager or insurance buyer understands the most important aspects of professional and management liability.

Calendar of Classes

How to Earn the MLIS Designation

The core curriculum for the MLIS program consists of five parts:

  1. Core Cyber and Privacy Liability Exposures and How to Insure Them
  2. EPL: Understanding the Exposures and Insurance Coverage
  3. Fiduciary Liability: What You Need to Know About Exposures and Insurance
  4. How to Insure D&O Liabilities
  5. Understanding D&O Exposures

To qualify as a holder of the MLIS certification, participants must complete all five courses and pass the corresponding online examinations (with a minimum score of 70%) within five years.

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

Those who complete the program are entitled to display the MLIS certification to certify their knowledge of management liability insurance.

MLIS Certification Renewal

Completing the core curriculum qualifies you to use the MLIS certification for 12 months. To maintain the certification, the MLIS certification-holder must complete only 3 hours of approved professional or management liability insurance continuing education credit every 12 months.

CRIS Renewals at MLIS Courses

CRIS certification holders can update their CRIS designation by attending a 6-hour MLIS course.

MLIS - Cyber and Privacy Liability Exposures and How to Insure Them

This course is part of the core curriculum for the following designations:
  1. Management Liability Insurance Specialist — MLIS®
  2. Accredited Insurance Lines Professional – AILP or AILP/CL
Each designation course is independent of the others and you may complete them in any order you choose.
Companies that use e-mail, operate a website, take orders online (and collect customer data in the process), participate in social media activities, or engage the services of a cloud provider are exposed to significant potential first-party property and third-party liability claims. This course takes a look at the types of exposures companies face and provides a detailed review of the kinds of policy forms that have been designed to cover these exposures.
The major areas this course addresses include:
  • 10 key areas of confusion inherent in cyber and privacy coverage, beginning with the fact that it is referred to under different names by different insurers
  • 3 major types of third-party liability losses and the eight major types of first-party property losses that result from cyber and online activities loss
  • Various loss control measures that can be applied to eliminate, or at least reduce, the extent to which a business can be financially impacted by these loss exposures
  • The most important exclusions found within cyber and privacy forms, including how different insurers’ versions of the exclusions vary, and how such differences impact the scope of coverage the policies provide.

MLIS - EPL: Understanding the Exposures and Insurance Coverage

This course is part of the core curriculum for the following designations:
  1. Management Liability Insurance Specialist — MLIS®
  2. Accredited Insurance Lines Professional – AILP or AILP/CL
Each designation course is independent of the others and you may complete them in any order you choose.
This course is designed to give a moderately experienced insurance person a detailed look at:
  • Liability exposures that give rise to employment-related claims, and
  • Insurance policies that have been developed to cover these exposures.
The first part of the course begins by describing the most important common law (i.e., law based on judicial decisions) exposures to employment litigation, and continues by discussing the leading statutory exposures to such claims.
Next, the underwriting of Employment Practices Liability (EPL) insurance is analyzed, followed by a description of methods to control employment claims. The first part of the course concludes by examining the various sources of EPL insurance coverage.
The second part of the course takes a detailed look at the specific coverage terms within EPLI policy forms, including covered persons/organizations and covered acts provisions. Next, it discusses third-party liability coverage, along with “damages” and “claim” definitions. Claims management, defense cost, and “special conditions” are also described.
The course concludes with an analysis of exclusions and coverage triggers contained within the policies.

MLIS - Fiduciary Liability: What You Need to Know About Exposures and Insurance

This course is one part of a five-part core curriculum for the the MLIS® certification, Management Liability Insurance Specialist. Each course is independent of the others and you may complete them in any order you choose.
This course has two goals:
  1. To take a detailed look at the fiduciary liability exposures that were created by the Employee Retirement Income Security Act (ERISA) of 1974, and
  2. To review the insurance policies that have been developed to cover these liability exposures.
The first part of the course:
  • Describes the basic fiduciary duties set forth in ERISA
  • Examines the specific types of pension and benefit plans governed by ERISA
  • Analyzes the particular claims exposures created by these duties
  • Discusses the way in which fiduciary liability insurance is underwritten
  • Provides methods of controlling exposures to fiduciary liability claims
  • Explains how fiduciary liability coverage is coordinated with other types of management liability insurance policies.
The second part of the course takes a detailed look at the specific provisions within fiduciary liability insurance policy forms, including::
  • Insuring agreements
  • Covered persons/organizations
  • Provisions pertaining to status changes
  • Key definitions
  • Limits/deductibles
  • Conditions
  • Exclusions
  • Coverage triggers.
Each designation course is independent of the others and you may complete them in any order you choose.
Companies that use e-mail, operate a website, take orders online (and collect customer data in the process), participate in social media activities, or engage the services of a cloud provider are exposed to significant potential first-party property and third-party liability claims. This course takes a look at the types of exposures companies face and provides a detailed review of the kinds of policy forms that have been designed to cover these exposures.
The major areas this course addresses include:
  • 10 key areas of confusion inherent in cyber and privacy coverage, beginning with the fact that it is referred to under different names by different insurers
  • 3 major types of third-party liability losses and the eight major types of first-party property losses that result from cyber and online activities loss
  • Various loss control measures that can be applied to eliminate, or at least reduce, the extent to which a business can be financially impacted by these loss exposures
  • The most important exclusions found within cyber and privacy forms, including how different insurers’ versions of the exclusions vary, and how such differences impact the scope of coverage the policies provide.

MLIS - Understanding D&O Exposures

This course is one part of a five-part core curriculum for the the MLIS® certification, Management Liability Insurance Specialist. Each course is independent of the others and you may complete them in any order you choose.
Directors and officers of for-profit, publicly-held corporations and not-for-profit corporations face a number of legal liability exposures. This course is designed to give a moderately experienced person in insurance a detailed look at these exposures.
The major areas this course addresses include:
  1. Common law and statutory legal liability exposures to which the directors and officers of publicly held corporations are subject,
  2. Legal defenses available to directors and officers when a claim is made against them,
  3. Types of situations that give rise to these claims,
  4. Factors that insurers consider when underwriting Directors & Officers (D&O) policies for publicly held and privately held companies, and
  5. The most effective methods of preventing and controlling claims against corporate directors and officers.

MLIS - How to Insure D&O Liabilities

This course is one part of a five-part series leading to the national designation, Management Liability Insurance Specialist (MLIS®). It may also be taken as a stand-alone class.
Directors and officers of for-profit, publicly-held corporations and not-for-profits corporations face a number of legal liability exposures. This course is designed to give a moderately experienced person in insurance a detailed look at the key provisions within a directors and officers (D&O) liability insurance policy and how they function within various claims scenarios.
The major areas this course addresses include:
  1. Key insuring agreements,
  2. Covered persons, organizations, and acts provisions,
  3. Two of the policy’s most important defined terms: “covered damages” and “covered losses,”
  4. Defense coverage provisions and defense procedures,
  5. The manner in which policy limits, retentions, and coinsurance provisions apply,
  6. Conditions and exclusions, and
  7. Claims-made coverage trigger provisions

Continuing Education State Policies

To receive continuing education units (CEUs), the state requires that all registrants attend a class in its entirety:

  • Partial credit is not given.
  • Late arrivals will not receive any CEUs.
  • CEUs are not based on examination results.
 

Classroom & Training Center Policies

*Price shown reflects the MAIA Member discount with no optional add-ons.