Insurance and Employee Benefits: Foundational Concepts

Name: Insurance and Employee Benefits: Foundational Concepts
Uploaded: 2026-07-10T23:21:04.034Z
Duration: 470 s
Description: From risk transfer and the Law of Large Numbers to self-funding and stop-loss protection — a clear, engaging walkthrough of how insurance actually works and…

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Insurance and Employee Benefits: Foundational Concepts

0:00 / 7:49

Opening

0:00 - 0:23

What is Insurance?

0:23 - 0:45

Pure Risk vs. Speculative Risk

0:45 - 1:16

Exposure — How Insurers Measure Risk

1:16 - 1:45

The Chain of Loss: Hazard → Peril → Loss

1:45 - 2:10

Four Ways to Manage Risk

2:10 - 2:38

The Law of Large Numbers

2:38 - 3:01

Mutual vs. Stock Insurance Companies

3:01 - 3:28

Admitted vs. Non-Admitted Carriers

3:28 - 3:54

How Insurance Gets Sold — Agency Models

3:54 - 4:22

Express, Implied & Apparent Authority

4:22 - 4:54

Classifying Businesses: SIC and NAICS

4:54 - 5:28

Fully Insured vs. Self-Funded Plans

5:28 - 5:58

Stop Loss: ISL and Aggregate

5:58 - 6:24

TPA and ASO — Managing the Plan

6:24 - 6:51

Key Group Health Documents

6:51 - 7:25

Recap and Review

7:25 - 7:49