Risk Management and Insurance Courses (RMI)

RMI 3335
Principles of Risk Management and Insurance (3)
  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. Prerequisite: Lower-level Core or permission of department chair.
   
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.
   
RMI 3348
Property and Casualty Insurance (3)
  This course examines the fundamental coverage and policy provisions of the major types of commercial and personal property and liability insurance contracts. Also examined are the fundamentals of property and casualty insurance, including analysis of contracts, rating, underwriting, regulation, and financial strength of insurers. Prerequisite: RMI 3335
   
RMI 4442
Insurance Operations (3) (capstone)
  An introduction to the various functions performed within an insurance company and a study of insurance ethics. Topics include insurance regulation, marketing, underwriting, ratemaking, adjusting, reinsurance, and accounting. This course is the capstone course for the concentration. Prerequisites: RMI 3335, RMI 3346, RMI 3348.
   
RMI 4465
Insurance Law (3)
  An introduction to the legal principles underlying insurance contracts and the issuing of insurance contracts, with special emphasis on the U.S. legal system, contract law, property law, tort law, agency law, and employment law. Prerequisite: RMI 3335.
   
RMI 4467
Advanced Topics in Risk Management (1)
  An extension of RMI 3335 Principles of Risk Management and Insurance with additional emphasis on the goals of risk management, the risk management process, techniques for managing risk, Enterprise Risk Management, and insurance policy analysis. Prerequisites: Concurrent with RMI 3335.
   
RMI 4470
Surplus Line Insurance Products (1)
  A study of the excess and surplus lines insurance products designed for the major types of commercial and personal property and liability risks. Prerequisites: Concurrent with RMI 3348.
   
RMI 4472
Surplus Line Insurance Operations (1)
  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.
   
RMI 4475
Advanced Topics in Life & Health Insurance (3)
  An extension of RMI 3346 with additional emphasis on estate and retirement planning, taxation and regulation, contract evaluation, and financial management of life and health insurance companies. Prerequisite: RMI 3346.
   
RMI 4478
Employee Benefit Planning (3)
  The course is designed to provide the student with a foundation of knowledge regarding the design and management of employee benefit plans. Topics include pensions, profit-sharing plans, 401(k) plans, group life and health plans, and flexible benefit programs. Prerequisites: RMI 3335,
   
RMI 4491-4492
Guided Independent Research (1 to 3 credit hours per course per semester)
  Additional information is indexed under Independent Study and Research.
   
RMI 4493-4494
Guided Independent Study (1 to 3 credit hours per course per semester)
  Additional information is indexed under Independent Study and Research.
   
RMI 4498
Internship (3)
  The internship provides students with the opportunity to gain real-world insurance experience as a summer employee of an insurance company. Students are interviewed and selected by the individual insurance companies. See the RMI department for specific requirements.
   
RMI 4499
London Internship (3)
  The London internship provide students with first-hand exposure to the center of the excess and surplus lines market, Lloyds. See the RMI department for specific requirements.
   
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