Nature and function of the insurance mechanism and a survey of the principal characteristics of the several branches into which the insurance industry is divided.

An introduction to risk management. Provides students an in-depth understanding of a risk management program for hazard, operational, financial, and strategic risks.

Functions and mechanics of life insurance; the life insurance contract; the rights of the insured, beneficiaries, and creditors. Some emphasis placed on interpreting mortality tables.

Provisions of property and casualty insurance contracts. Considerable attention paid to commercial policy forms. Some emphasis placed on insurance company operations.

Exposure to major components of most benefit plans; health coverage, retirement, and disability plans. Features of group insurance covered in detail.

Fundamentals of insurance operations and regulations. Topics include underwriting, ratemaking, claim adjusting, and reinsurance. Some emphasis is placed on insurer fInancial statements and strategies.