TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
RMI 4465
Insurance Law
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 4465
2
Description
An introduction to the legal principles underlying insurance contracts and the issuing of
insurance contracts, with special emphasis on the U.S. legal system, contract law,
property law, tort law, agency law, and employment law.
Objectives
On completion of the course, the student should be able to:
1.
2.
3.
4.
5.
6.
Identify sources of legal power in the United States and the roles of federal and
state laws in insurance regulation.
Identify the required elements for a legally enforceable contract and how those
elements apply to insurance contracts.
Explain the property rights that are basic to ownership of personal and real property
and how insurance contracts protect these rights.
Describe the elements that establish a basis for negligence, the defenses for
negligence, and the circumstances under which insurance contracts protect insureds
from legal liability.
Explain the legal basis for agency and how agency relates to the responsibilities of
insurance producers and insurance companies..
Describe the various laws that govern employment.
Purpose
To provide the student with an understanding of the legal principles that influence the
business of conducting insurance transactions and to prepare the student to take the
CPCU 530.
Approved Texts
Popow, Donna. CPCU 530 Business law for Insurance Professionals (ISBN 978-089463-423-9 or current). 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)