BUSN 160 - Introduction to Insurance

PROGRAM: Business Administration
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2014

Presents an introduction to the profession of insurance. The course includes an overview of the insurance industry, types of coverage that exist, insurance processes and expected outcomes.

MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:

Identify the steps in the risk management process
Report an understanding of the history of the insurance industry to include: how it started, its evolution, and where it stands today.
Discuss the insurance industry regulating agencies that currently exist.
Describe the occupations available and requirements for employment in the insurance industry and its varied occupations.
List the types of insurance coverage.
Compare and contrast the type of medical insurance available including medical (including short term medical), vision, and dental.
Discuss the types of life insurance and purchase decisions.
Differentiate between property and casualty insurance and types.
Describe the uses of commercial insurance.
Compare marketing responsibilities at the corporate, regional and agent levels.
Use examples to discuss the process of selling by agents.
Describe and explain the four essential elements of any enforceable contract.
Identify the basic parts of an insurance contract.
Define and explain the elements of negligence
Describe application and underwriting process

COURSE CONTENT: Topical areas of study include -

Evolution
Regulating agencies
Occupations
Requirements
Physician
Behavioral health
Vision
Hospital/facility
Pharmacy
Hearing
Dental
Life
Property
Casualty
Medical
Automobile
Health
Homeowners
Commission
Commercial
Actuarial
Marketing
Corporate
Regional
Agents
Operations
Claims
Underwriting
Service
Management
Investments
Commission Sales

Course Addendum - Syllabus (Click to expand)

Costs

Payments

BUSN 160 - Introduction to Insurance