TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
RMI 4442
Insurance Operations
Prerequisites
RMI 3335, RMI 3346, RMI 3348
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. This is the capstone course for the RMI major.
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 4442
2
Description
An introduction to the various functions performed within an insurance company and a
study of insurance ethics. Topics include insurance regulation, marketing, underwriting,
ratemaking, adjusting, reinsurance, and accounting. This course is the capstone course for
the concentration.
Objectives
On completion of the course, the student should be able to:
1.
2.
3.
4.
5.
6.
7.
8.
Describe how insurance is regulated.
Describe the current methods for marketing insurance products.
Explain the underwriting process and its impact on maintaining a profitable book of
business for the insurer.
Identify ratemaking goals and its process.
Discuss the process of adjusting losses and how it differs for property and liability
claims.
Differentiate between the different types of reinsurance.
Summarize the unique features of insurer financial statements.
Analyze ethical dilemmas in insurance to arrive at the appropriate professional
response.
Purpose
This course is designed to provide an overall understanding of the key operational
activities of an insurance organization, prepare the student to take The Institutes Ethics
312, and to prepare the student to take the CPCU 520 exam.
Approved Texts
Kearney, Susan J. CPCU 520 Insurance Operations (current or ISBN: 978-0-89463-4222). The Institutes. http://www.aicpcu.org/comet/programs/cpcu/cpcu.htm#tab2
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)