TROY UNIVERSITY MASTER SYLLABUS SORRELL COLLEGE OF BUSINESS RMI 3348 Property and Casualty Insurance Prerequisites RMI 3335 Vision Statement The Sorrell College of Business will be a recognized and respected leader for quality and flexibility in the delivery of business education that prepares graduates to succeed in the global business environment. Mission Statement The Sorrell College of Business supports the Troy University mission by preparing our diverse student body to become ethical professionals equipped to compete in the global business environment. To achieve this, our faculty, staff, and administration will: 1) Provide quality education in global business through our undergraduate and graduate programs, delivered around the world through face-to-face and online environments, to traditional, non-traditional, military, and international students; 2) Contribute to the development and application of knowledge focused on applied business, learning, and pedagogical research; 3) Provide service to the University, business and professional organizations, and our communities through individual involvement, business outreach, and our centers for research. Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook. The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance. 1 August 2005 Master Syllabus: RMI 3348 2 Description 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. Objectives On completion of the course, the student should be able to: 1. 2. 3. 4. 5. 6. 7. Understand the key elements of commonly used insurance policies, such as personal auto, homeowners, workers compensation, and commercial general liability. Differentiate between commonly used valuation methods. Explain the concept of coinsurance and the impact coinsurance may have on an insured. Describe types of disabilities recognized by workers compensation policies. Differentiate the fidelity, name schedule, commercial and blanket position bonds. Identify the advantages and disadvantages associated with occurrence and claimsmade forms. Discuss the acronym DICED, and how it applies to insurance policies. Purpose To provide an overview of commercial property and liability insurance contracts, to provide an understanding of the commercial market, and to assist in the preparation to take the State of Alabama’s Department of Insurance Property & Casualty exam. Approved Texts 320 Introduction to Property and Casualty Insurance (current). The Institutes. ISBN Property and Casualty - Insurance Keys, Sagamore Training Systems Supplements As deemed appropriate. Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space): 1. Course title 2. Course number + section 3. Term 4. Instructor 5. Prerequisites 6. Office hours 7. Class days, times 8. Classroom location 9. Office location + e-mail address 10. Office telephone 11. Course description, objectives 12. Text(s) 13. Other materials 14. Grading methods, 16. General supports criterion weights, (computer works, make-up policy, writing center) mid-term grade 17. Daily assignments, reports holidays, add/drop 15. Procedure, course & open dates, dead requirements day, final exam 18. ADA statement 19. Electronic device statement 20. Additional services, statements 21. Absence policy 22. Incomplete-work policy 23. Cheating policy 24. Specialization requirements (certification, licensure, teacher competencies)