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Finance 441

FINC 441: Insurance II

Prerequisite: FINC 331

Credit Hours: (3)

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.

Detailed Description of Content of Course

1. Types of Insurance Organizations
2. The Insurance Market Place
3. Insurance Company Operations and Management
4. Personal Property and Liability Insurance; Business Property and Liability Insurance
5. Insurance Company Investments, Economic Significance
6. Regulation of Insurance and Insurers
7. Taxation of Insurers
8. Pricing of Insurance Products
9. Career Opportunities
10. Personal Life Insurance Planning; Business Life Insurance Planning; Fringe Benefit Planning
11. Insurance Programming and Life Insurance as a Factor in Estate Planning

Detailed Description of Conduct of Course

Written business memoranda as assigned topics plus formal lectures amplifying the text(s) explain the material. Pursue important subjects in greater detail, ensuring class discussions. Guest speakers address larger issues of interest.

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.

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
September 2001 Reviewed Dr. Dan Davidson, Chair