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Course Criteria
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6.00 Credits
A continuation of 101. Beginning with the Age of Reason and concluding with the Twentieth Century. Designed for superior students, the course may be scheduled in lieu of English 102 and History 102. Class meets 6 hours per week. Prerequisite: 101.
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1.00 Credits
Credit is given for attendance of selected cultural attractions. A. Local. B. New York. C. Britain. D. The Continent.
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3.00 Credits
A study of contemporary society, art, science, and culture. Concerned with the problems of "future shock".
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3.00 Credits
A study of pure risk and riskbearing, including insurance and non-insurance methods of handling risks; introduction to life, disability, property, marine, and liability insurance. F,Sp
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3.00 Credits
The fundamentals of property and casualty insurance, including analysis of contracts, rating, underwriting, regulation, and financial strength of insurers. Prerequisite: INSU 205 or permission of department head. Sp
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3.00 Credits
A study of the analysis and treatment of the pure, nonspeculative risks faced by the business firm. The development of the risk management process, exploration of the use of various risk management techniques on identified exposures, and application of the process and those techniques in a risk management case study. Applicable to any business major and to various non-business majors. Introduction to the concept of pure risk and the minimization of its costs to businesses, nonprofit organizations, and government bodies. Prerequisite: INSU 205 or permission of department head.
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3.00 Credits
Development of the life insurance business; carriers, types of insurance and annuity contracts and their uses, premium and reserve computation and state regulation, and problems on life insurance programs for individuals, families, and institutions. Prerequisite: INSU 205 or permission of department head. F
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3.00 Credits
Analysis of the nature of health and social insurance; hospitalization and medical insurance, surgical benefits, major-medical coverages, disability income contracts; causes, extent, and economic consequences of old age dependency, unemployment, and disability. Prerequisite: INSU 205 or permission of department head.
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3.00 Credits
The use of accounting information to evaluate the financial stability and financial strength of insurance companies. Not open to accounting majors. (Same as ACCT 319). Prerequisite: INSU 205; Junior standing or permission of department head. Sp
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3.00 Credits
A study of the excess and surplus lines markets as well as the reinsurance sector of the insurance industry. With the multinational and complex nature of many firms, more insurance protection is purchased from surplus lines companies or associations like Lloyds of London, or self-insured by way of captive insurers established off-shore. The use of captives often places the firm in the position to deal directly with the reinsurance market. The formation and classification of these companies, their regulation, the products they sell, how they market the products, their accounting procedures, their financial statements, and their comparison to primary insurers, are covered. Prerequisite: INSU 205 or permission of department head.
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