Discipline: Business Degree Credit  [X]
Non Credit  [ ]
Nondegree Credit  [ ]
Comm Service  [ ]
 

Riverside Community College District
Integrated Course Outline of Record

Business 62


COURSE DESCRIPTION
62 Personal Insurance Principles Units: 3.00
 
Prerequisite: None.
 
Basic introduction to insurance products and coverage including automobile insurance; homeowners insurance; other residential insurance, such as fire and earthquake insurance; marine insurance; other personal property and liability insurance; financial planning; life insurance; and health insurance. 54 hours lecture.
 
SHORT DESCRIPTION FOR CLASS SCHEDULE
The fundamentals of personal insurance and financial planning including automobile, homeowners, life, health, fire, and earthquake insurance.
 
ADVISORY ENTRY SKILLS
None.

STUDENT LEARNING OUTCOMES
 Upon successful completion of the course, students should be able to:

Analyze, synthesize, and evaluate insurance needs for automobile
insurance, homeowners insurance, other residential insurance
(such as fire and earthquake insurance), marine insurance, other
personal property and liability insurance, financial planning, life
insurance, and health insurance.

Critically discuss and analyze various personal insurance products
and their applicability to specific insurance need situations.

Compose developed and unified written responses to case studies
involving the use and appropriateness of the insurance products
studied.
 
COURSE CONTENT
  TOPICS
 
  1. Personal Insurance Overview 
    1. Loss Exposures of Individual and Families 
    2. Personal Risk Insurance
    3. Types of Personal Insurance Policies
  2. Automobile Insurance and Society
    1. Problems Associated with Automobile Insurance
    2. Compensation of Automobile Victims
    3. No-Fault Automobile Insurance
    4. Automobile Insurance for High-Risk Drivers
    5. Regulation and Rating of Personal Automobile Insurance
  3. Personal Automobile Policy
    1. Personal Automobile Policy Overview
    2. Part A—Liability Coverage
    3. Part B—Medical Payments Coverage
    4. Part C—Uninsured Motorists Coverage
    5. Part D—Coverage for Damage to Automobiles
    6. Parts E and F—Personal Automobile Policy Conditions
  4. Homeowners Insurance:
    1. How the Homeowners Policy Evolved
    2. The Homeowners 3 Special Form (HO-3)
  5. Homeowners Variations, Endorsements, and Rating:
    1. Variations in ISO Homeowners Forms
    2. AAIS Homeowners Forms
    3. Company-Specific Forms
    4. State-Specific Forms
    5. Endorsements That Modify ISO Forms
    6. Developing a Homeowners Premium
  6. Other Residential Insurance
    1. Dwelling Policies
    2. Mobile home Coverage
    3. Personal Insurance for Farms and Ranches
    4. Flood Insurance
    5. Insurance for Hard-To-Insure Residences
    6. Earthquake Insurance (added)
  7. Other Personal Property and Liability Insurance
    1. Inland Marine Floaters
    2. Personal Watercraft Insurance
    3. Personal Umbrella Liability Insurance
  8. Personal Loss Exposures and Financial Planning
    1. Personal Loss Exposure
    2. Planning for the Future
    3. Investing to Attain Financial Goals
    4. Retirement Planning
    5. Tax-Deferred Retirement Plans
    6. Individual Annuities
    7. Social Security
  9. Life Insurance
    1. Premature Death
    2. Need for Life Insurance
    3. Determining the Amount of Life Insurance to Own
    4. Types of Life Insurance
    5. Life Insurance Contractual Provisions
    6. Additional Life Insurance Benefits
    7. Life Insurance Underwriting
    8. Group Life Insurance
  10. Health and Disability Insurance
    1. Healthcare Problems in the United States
    2. Providers of Private Health Insurance
    3. Basic Medical Expense Coverage
    4. Providers of Private Health Insurance
    5. Basic Medical Expense Coverage’s
    6. Major Medical Insurance
    7. Important Group Health Insurance Provisions
    8. Dental Insurance
    9. Long-Term Care Insurance
    10. Managed Care Plans
    11. Disability Income Insurance
    12. Government Health Insurance and Healthcare Programs
  11. Career options available in the personal insurance and financial planning industries
 
METHODS OF INSTRUCTION
 Methods of instruction used to achieve student learning outcomes may include, but are not limited to:

  • Presentation of lectures and discussions on the structure of insurance products and their applicability to specific coverage needs, in order for students to understand how the various products can be best applied to those needs.
  • Cooperative/collaborative learning tasks and activities designed to assist students in better understanding effective insurance needs development of customers and how to integrate various products to best meet those needs.
  • Case studies involving typical needs for insurance coverage designed to allow students to apply what they have learned to the creation of comprehensive, effective coverage recommendations and proposals.
  • Guest speakers to allow students to interact with personal insurance and financial planning professionals.

 
 
METHODS OF EVALUATION
 Students will be evaluated for progress in and/or mastery of learning outcomes by methods of evaluation which may include, but are not limited to:

  • The writing of case study analyses demonstrating an understanding of personal insurance products and their applicability to specific coverage needs situations.
  • Individual and group assignments designed to demonstrate successful understanding and application of basic personal insurance concepts.
  • Class discussions designed to evaluate students’ understanding of the need for insurance and how those needs can best be met.
  • Quizzes/examinations designed to assess students’ ability to recall, critically analyze and apply key concepts and course content.
  • Participation as required by instructor to ensure progress in mastering the course content and involvement in collaborative learning projects.
  • Individual web projects designed to assist student in determining and evaluating various career options available in personal insurance and financial planning.

 
ASSIGNMENTS

Required Reading Assignments


Required Writing Assignments


Other Outside-of-Class Assignments
 
COURSE MATERIALS
 All materials used in this course will be periodically reviewed to ensure that they are appropriate for college level instruction. Possible texts include:

  • Wiening, Rejada, Luthardt, & Ferguson. Personal Insurance. 3rd ed. Malvern, PA: American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America, 0.
  • -. INS 21 Course Guide: Personal Insurance. 3rd ed. Malvern, PA: American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America, 0.
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