| RMI 3335 |
Principles of Risk Management and Insurance
(3) |
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An introduction to the legal principles underlying
insurance, the basics of risk management, the application
of risk management techniques to personal
risk management problems, personal property and
liability insurance contracts including the personal
auto policy and the homeowner’s package, insurance
regulation, and the insurance marketplace. |
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| RMI 3340 |
Surplus Lines and Reinsurance (3) |
| |
A study of the excess and surplus lines insurance
markets as well as the reinsurance sector of the
insurance industry. The course covers the formation
and classification of these companies, their distribution
systems, their regulation, their accounting
procedures, and a comparison of these companies
to admitted insurers. Prerequisite: RMI 3335 or
permission of department chair. |
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| RMI 3342 |
Insurance Operations (3) |
| |
The focus of Insurance Operations is the key operational
activities of insurance organizations. The
course specifically covers marketing and distribution
systems, underwriting, principles of ratemaking,
reinsurance, statutory accounting, and
financial analysis. Each of the functional areas is
discussed within the context of regulatory and public
policy issues. Prerequisite: RMI 3335 or permission
of department chair. |
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| RMI 3346 |
Life and Health Insurance (3) |
| |
Study of types of life insurance and annuity contracts
and their uses; regulations of life and health
insurers; development of financial plans utilizing
life insurance products; Social Security; group and
individual health insurance products including major
medical, disability income and long-term care
policies and analysis of the marketplace. Prerequisite:
RMI 3335 or permission of department chair. |
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| RMI 3348 |
Property and Liability Insurance (3) |
| |
The fundamentals of commercial property and liability
insurance including contracts, rating, underwriting,
regulation and financial analysis of insurers.
Prerequisite: RMI 3335 or permission of department
chair. |
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| RMI 4440 |
Corporate Risk Management (3) |
| |
A study of the analysis and treatment of the pure
risks faced by the business organization. The course
includes development of the risk management process,
exploration of the use of various risk management
techniques on identified exposures, and the
application of the process and the techniques in a
risk management case study. Prerequisite: RMI
3335 or permission of department chair. |
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| RMI 4449 |
Risk Management and Insurance Seminar (3) |
| |
Focuses on current problems and issues in risk
management and insurance. This is the capstone
course in the Risk Management/Insurance curriculum
and should be taken the senior year. The
course will include communication, teamwork, and
computer skills. Prerequisite: RMI 3335 or permission
of department chair. |
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| RMI 4460 |
Agency Management (3) |
| |
The Agency Management course is designed to
teach the fundamentals of establishing and operating
an insurance agency or brokerage. This is a
project-oriented class wherein students develop
mission statements, strategic plans, marketing
plans, operating plans and time charts in the areas
of forming the corporation, licensing, choosing a
product mix, developing markets, planning technology,
staffing, training, sales, handling claims, and
other administrative functions. Prerequisite: RMI
3335 or permission of department chair. |
