Insurance and Risk Management

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[1] Courses in Insurance & Risk Management (INSU)

1300 INTRODUCTION TO INSURANCE This is an elective on-line course. The mode of instruction is lecture and case applications. Practical applications of personal insurance planning and risk management. Special attention to the auto, homeowners, life and health insurance careers in insurance. On demand.

3315 LIFE AND HEALTH INSURANCE This is a required course in the insurance and risk management major. The course covers the nature and importance of life and health risks and the functions or uses of insurance contracts in treating these risks. Included are business insurance, annuities, and estate planning. Primary modes of instruction are lectures and discussions. Prerequisites: INSU 3324 or permission of the instructor. Fall.

3320 PROPERTY AND LIABILITY INSURANCE This is a required course in the insurance and risk management major. The course is designed to aid in the planning and evaluation of the requirements of property and casualty insurance for individual and business firms. Analysis is made of exposures and appropriate insurance coverage. Company operations are examined, and the statistical and mathematical bases for rate-making are explored. Primary modes of instruction are lectures, discussions, and case studies. Prerequisites: INSU 3324 or permission of the instructor. Fall.

3324 RISK AND INSURANCE This is a required course in the insurance and risk management major and an elective course in the Finance major. The mode of instruction is lecture and discussion. Introduction to the basic principles of insurance. Review of the risks that households and businesses experience and the policies used to ensure against these risks. Fall, spring.

3330 SURPLUS LINES AND REINSURANCE This is an elective course for insurance and risk management majors. It provides an overview of the nature and operation of the surplus lines insurance market as well as an introduction to the reinsurance sector of the insurance industry. It examines risk financing techniques, marketing, underwriting, and reinsurance. The method of instruction is lecture and discussion. Prerequisite: INSU 3324. On demand.

3382 INTERNSHIP IN INSURANCE AND RISK MANAGEMENT This is an elective course open to Insurance and Risk Management majors. Internships are available to provide students academic credit for experiential learning. Three credit hours will be given for this course upon completion of a minimum of 120 contact hours at an approved CBA student internship. Prerequisite: Junior status. On demand.

4310 INTERNSHIP IN INSURANCE AND RISK MANAGEMENT This is an elective course for insurance and risk management majors. Primarily summer internships are available to provide hands-on work experience in an insurance or risk management firm. In addition to gaining valuable insight into career paths, students are required to analyze and report on the firm's operations, strategic plans, and growth prospects. Up to 6 credit hours available (based on 125 hours of employment per credit hour) but not required for graduation. Prerequisite: Senior status. Fall, spring, summer.

4315 EMPLOYEE BENEFITS (cross-listed as MGMT 4315) This is a required course in the insurance and risk management major. The course focuses on the study, design, and administration of group health, disability, life insurance, and retirement plans. Also includes a study of social security and other related programs for mitigating economic losses due to personal and business risk problems. The course also discusses profit-sharing, 401(k) plans, and flexible benefit plans. Primary modes of instruction are lectures, discussions, and case studies. Prerequisite: Junior status. Spring.

4320 CORPORATE RISK MANAGEMENT Primarily an applications course that seeks to identify, analyze, and deal with business loss exposures including acts of nature, liability claims, and price risk. Included are selection and application of risk control and risk financing tools such as risk retention, reduction, and transfer including insurance and hedging with financial derivatives. Prerequisite: Junior status. Spring.

4325 PROPERTY INSURANCE CLAIMS HANDLING PRINCIPLES & PRACTICES This is an elective course in the insurance and risk management major. This course is designed to provide an understanding of risk and insurance as it relates to claim professionals, the claim handling process, claim investigation techniques, insurance fraud, good-faith claim handling, ethics, negotiation, and managing litigation. The course examines Persons/Property Insured, Causes of Loss, Adjusting Process and Procedures, Fraud, Residential Construction, Preparing Estimates, Merchandise/Time Element Loss, Auto Physical Damage, and Contractor's Equipment. Prerequisites: INSU 3320 and 3324.  Offered annually.

4330 INSURANCE OPERATIONS AND REGULATION This is an elective course for insurance and risk management majors. This course is designed as an overview of insurance company operations and regulation of the insurance industry. Emphasis will be upon regulation, distribution systems, property and liability insurance underwriting, loss control, premium auditing, reinsurance, ratemaking principles and process, insurer financial management, and property and liability claims adjusting. Prerequisites: INSU 3324 and INSU 3320, or permission of the instructor. On demand.

4390 INDEPENDENT STUDY IN INSURANCE OR RISK MANAGEMENT An elective in the insurance and risk management major in which students conduct a guided study of an insurance or risk management related topic approved by the supervising faculty. Prerequisite: Consent of department chair. On demand.

4395 SPECIAL TOPICES IN INSURANCE A course in insurance and risk management on a special topic or issue. The topic will vary from semester to semester. Prerequisitie: consent of department chair. On demand.