Finance 341

FINC 341: Insurance I

Credit Hours: (3)

Provides a study of analysis of risks, policy provisions, different types of insurance, organizational structures of insurance companies, social insurance, and regulation of the insurance industry.

Detailed Description of Course

1. Personal Risk and Management
2. Fundamental Principles of Insurance and Insurance Contracts
3. The Liability Risk Exposure
4. Homeowners Insurance
5. Automobiles Insurance
6. Commercial Property and Liability Insurance
7. Individual Life and Health Insurance, and Annuities
8. Employee Benefits: Group Life and Health
9. Employee Benefits: Retirement Plans, IRA, 401(k), 403(b), Roth IRA
10.Social Insurance: Security, Works’ Compensation, Unemployment Insurance

Detailed Description of Conduct of Course

Formal lectures amplifying the text explain risk management, and then the various insurances. Brief instructor presentations and ensuing class discussions illustrate current relevant news items. The class is writing intensive, with several writing assignments and may include a term paper.

Goals and Objectives of the Course

Having successfully completed the course the student will be able to:

1. To introduce students to the importance of the risk management process to both organizations and families.
2. To familiarize students with the various types of insurance alternatives available to deal with their exposures to the perils of life, disability, accident, sickness, retirement income, property loss, and liability.

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.

Other Course Information

Review and Approval
February 2010 Reviewed Dr. Dan Davidson, Chair