TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
RMI 3335
Principles of Risk Management and Insurance
Prerequisites
Pre-Business Core.
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.
Description
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 3335
2
An introduction to the basics of risk management, the application of risk management techniques
to commercial and personal risk management problems, insurance regulation, and the legal
principles underlying insurance personal property and liability insurance contracts.
Objectives
On completion of the course, the student should be able to:
1. Define risk, risk management, insurance, and the risk management process.
2. Identify the fundamental types of risk exposure and the alternative methods of
dealing with risk.
3. Explain the requisites of insurable risk from the standpoint of the insurer and from
the standpoint of the insured.
4. Discuss the benefits and costs of insurance to society.
5. Explain the legal environment of insurance and specific legal concepts and
terminology related to the insurance industry.
6. Explain specific insurance contract provisions related personal insurance contracts.
Purpose
To introduce the principles of risk management and insurance and how they apply to
personal risk management problems.
Approved Texts
Rejda, G. E. (current). Principles of Risk Management and Insurance. Boston, MA:
Addison-Wesley.
Trieschmann, J. S., Hoyt, R. E., & Sommer, D. W. (current). Risk Management and
Insurance. Mason, OH: Thomson/South-Western.
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)