Risk Management and Insurance Courses (RMI)
RMI 3335 - Principles of Risk Management and Insurance (3)
An introduction to the legal principles underlying insurance, the basics of risk management, the application of risk management techniques to personal risk management problems, personal property and liability insurance contracts including the personal auto policy and the homeowner's package, insurance regulation, and the insurance marketplace. Prerequisite: Lower-level Core or permission of department chair.
RMI 3346 - Life and Health Insurance (3)
Study of types of life insurance and annuity contracts and their uses; regulations of life and health insurers; development of financial plans utilizing life insurance products; Social Security; group and individual health insurance products including major medical, disability income and long-term care policies and analysis of the marketplace. Prerequisite: RMI 3335.
RMI 3348 - Property and Casualty Insurance (3)
This course examines the fundamental coverage and policy provisions of the major types of commercial and personal property and liability insurance contracts. Also examined are the fundamentals of property and casualty insurance, including analysis of contracts, rating, underwriting, regulation, and financial strength of insurers. Prerequisite: RMI 4442
RMI 4425 - Special Topics in Risk Management and Insurance (3)
This course examines a selected risk management and insurance topic of interest that is not covered in other course offerings. The topic for the semester will be indicated in advance. Students may only take this course once for a maximum credit of three hours. Note: This course may not be substituted for any required course within the Global Business RMI major. Prerequisite: RMI 4442
RMI 4430 - Surplus Lines Insurance Operations & Products (3)
A study of the excess surplus lines insurance markets as well as the reinsurance sector of the insurance industry. The course covers the formation and classification of these companies, their distribution systems, their regulation, their accounting procedures, and a comparison of these companies to admitted insurers. Special attention is paid to surplus lines insurance products designed for major types of commercial and personal property and liability risks. Prerequisite: RMI 4442
RMI 4440 - Corporate Risk Management (3)
A study of the analysis and treatment of the risks faced by the business organization. Topics include the assessment and treatment of traditional risks (such as, property, personnel, and environmental risks) and emerging risks (such as, cyber, social media, and supply chain risks). Prerequisite: RMI 4442
RMI 4442 - Insurance Operations (3) (capstone)
An introduction to the various functions performed within an insurance company and a study of insurance ethics. Topics include insurance regulation, marketing, underwriting, ratemaking, adjusting, reinsurance, and accounting. This course is the capstone course for the concentration. Prerequisites: RMI 3335 Corequisite: RMI 3348.
RMI 4465 - Insurance Law (3)
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. Prerequisite: RMI 3335.
RMI 4478 - Employee Benefit Planning (3)
The course is designed to provide the student with a foundation of knowledge regarding the design and management of employee benefit plans. Topics include pensions, profit-sharing plans, 401(k) plans, group life and health plans, and flexible benefit programs. Prerequisites: RMI 3335,
RMI 4491-92 - Guided Independent Research (1 to 3 credit hours per course per semester)
Additional information is indexed under Independent Study and Research.
RMI 4493-94 - Guided Independent Study (1 to 3 credit hours per course per semester)
Additional information is indexed under Independent Study and Research.
RMI 4498 - Internship (3)
The internship provides students with the opportunity to gain real-world insurance experience as a summer employee of an insurance company. Students are interviewed and selected by the individual insurance companies. See the RMI department for specific requirements.
RMI 4499 - London Study Abroad (3)
The London study abroad trip provide students with first-hand exposure to the center of the excess and surplus lines market, Lloyds. See the RMI department for specific requirements.