RMI 1201 - Principles of Property and Liability Insurance

Credit Hours: 3.0
Prerequisite(s): None
Corequisite(s): None
Principles of Property and Liability Insurance is the first course in the AS Business Administration Insurance and Risk Management degree program. This course provides the foundation for the other insurance and risk management courses in the program. The course is divided into three segments: Segment A explains what insurance is, who provides it, how it is regulated, and how to measure the financial performance of insurers. Segment B describes the functions of marketing, underwriting, ratemaking, and claims, all of which are essential to providing insurance. Segment C examines the risk management process and its purpose, the elements of loss exposures, and the characteristics and provisions of insurance policies.
Parallel: College Transfer (A.A. and A.S)