Required for a major in Insurance: Insurance 205, 307, 308, 309, 408, 311 or 423 or 491, Accounting 319, Economics 301, Finance 401, and either Construction 101 or a Busiess Administration elective - Total of 30 semester hours.

Requried for a minor in Insurance: Insurance 205, 307, 308, 309, 408, and 311 or 423 or 491 - Total of 18 semester hourse.

205. Risk and Insurance. 3 cr.
A study of pure risk and riskbearing, including insurance and non-insurance methods of handling risks; introduction to life, disability, property, marine, and liability insurance. F,Sp

307. Property and Casualty Insurance. 3 cr.
The fundamentals of property and casualty insurance, including analysis of contracts, rating, underwriting, regulation, and financial strength of insurers. Prerequisite: INSU 205 or permission of department head. Sp

308. Business Risk Management. 3 cr.
A study of the analysis and treatment of the pure, nonspeculative risks faced by the business firm. The development of the risk management process, exploration of the use of various risk management techniques on identified exposures, and application of the process and those techniques in a risk management case study. Applicable to any business major and to various non-business majors. Introduction to the concept of pure risk and the minimization of its costs to businesses, nonprofit organizations, and government bodies. Prerequisite: INSU 205 or permission of department head.

309. Life Insuance. 3 cr.
Development of the life insurance business; carriers, types of insurance and annuity contracts and their uses, premium and reserve computation and state regulation, and problems on life insurance programs for individuals, families, and institutions. Prerequisite: INSU 205 or permission of department head. F.

319. Insurance Accounting. 3 cr.
The use of accounting information to evaluate the financial stability and financial strength of insurance companies. Not open to accounting majors. (Same as ACCT 319). Prerequisite: INSU 205; Junior standing or permission of department head. Sp.

408. Surplus Lines and Reinsurance. 3 cr.
A study of the excess and surplus lines markets as well as the reinsurance sector of the insurance industry. With the multinational and complex nature of many firms, more insurance protection is purchased from surplus lines companies or associations like Lloyds of London, or self-insured by way of captive insurers established off-shore. The use of captives often places the firm in the position to deal directly with the reinsurance market. The formation and classification of these companies, their regulation, the products they sell, how they market the products, their accounting procedures, their financial statements, and their comparison to primary insurers, are covered. Prerequisite: INSU 205 or permission of department head.