Marine Insurance Adjuster Certification
- Marine adjusters handle a variety of insurance claims for vessels, cargo and freight. These range from insurance claims for damage to the vessel itself, such as the plane or boat, to property damaged while in transit over land, water or air. The damage can include cargo shipments of fine art to specialty property under construction, such as bridges or radio towers for telecommunications. Claims for items in storage facilities, warehouses, hulls, terminals or shipments are also part of the claims a marine adjuster can handle.
- Although not necessary for employment, the certification of an Associate in Marine Insurance Management designation indicates your commitment to the position and can lead to higher pay. This certification consists of six separate tests that you must pass to receive the designation. Four of the tests are required: Ocean Marine Insurance; Inland Marine Insurance; Foundations of Risk Management, Insurance and Professionalism; and Legal Environment of Insurance. The remaining two tests are electives that you can choose from several categories.
- There are no educational or experience requirements needed to take the examination. The examination is offered through local testing centers several times per year. Each of the exams is scheduled for two hours and involves answering 85 questions. The examination is administered by the computer. There is also an ethics exam consisting of 50 questions that must be passed before you can receive the certification. There are no continuing education requirements to maintain the designation, as of July 2011.
- One additional designation a marine insurance adjuster can receive is a Marine Hull Claims Professional. This designation handles claims from clients within a regulatory environment, such as United States marine insurers. This claim requires continuous active employment within the field. You can also apply if you have been mentored by a member with the designation for one year, as a junior member or three years as a resident member. A written examination is required on the topics of marine insurance policies, statutes, rules of practice and legal case studies.