FINC 441
Insurance II

1. Catalog Entry

FINC 441. Insurance II
Three hour lecture.

Prerequisites: FINC 331

This course covers the appropriate uses of insurance contracts, such as property, casualty, life, health, disability, and annuity contracts, for individual and business insurance planning. It also covers rate-making, operating and investing practices of insurers.

2. Detailed Description of Content of the Course

1. Types of Insurance Organizations
2. The Variety of Marketing Systems
3. Insurance Company Operations
4. Nature of Insurer Assets and Liabilities
5. Insurance Company Investments, Economic Significance
6. Regulation of Insurers
7. Taxation of Insurers
8. Pricing of Insurance Products
9. Major Developments Affecting Insurers
10. Career Opportunities
11. Buying Life and P&L Insurance
12. Programming and Estate Planning

3. Detailed Description of Conduct of the Course

Written business memoranda as assigned topics plus formal lectures amplifying the text(s) explain the material. Pursue important subjects in greater details ensuing class discussions. Guest speakers address larger issues of interest. The class is writing intensive.

4. Goals and Objectives of the Course

1. To introduce business majors to the size, scope, opportunities, constraints, organization, and operation of two major classes of financial services institutions.
2. To increase the relevant knowledge of students with respect to the products' design, cost, and distribution so as to improve their future choices of careers and financial protection.

5. Assessment Measures

Graded assignments may include in-class tests, mid-term and final examinations, written business memoranda on assigned topics, term papers, and class discussions.

6. Other Course Information
7. Review and Approval

DATE ACTION APPROVED BY
 September 2001 Reviewed Dr. Dan Davidson, Chair