Metropolitan Community College
Course Syllabus – Fall 2009
COURSE IDENTIFICATION
Title: Principles of Health and Life Insurance
Prefix/Section: INSU 1000 8A
Credit Hours: 4.5
Begins/Ends: Wednesday, September 2, 2009 / Wednesday, November 11, 2009
No-Class Days: None
Meeting Day/Time: Wednesday, 06:00 p.m. – 10:00 p.m.
Last Day to Withdraw: Tuesday, October 27, 2009
Delivery Type: Classroom
Class Location: South Omaha Campus, Room MHY--111
CONTACT INFORMATION
Instructor Name: Eric Bremers, B.S.B.A., M.B.A, C.P.A.
Office Location:
Office Telephone: 457-7200 EXT. 8296
Office Hours: By Appointment
Email Address: ebremers@mccneb.edu
Academic Program Area: Business / Insurance
Dean: Daryl E. Hansen
Dean’s Office Telephone: 738-4014
COURSE INFORMATION
Course Description: A comprehensive survey of the technical and socioeconomic aspects of the life and health insurance business, including coverages, marketing, underwriting, pricing, funding alternatives, contracts, claims, program design concepts, and administrative systems and procedures are included.
Course Prerequisites: None
Course Objectives: Upon completion of this course, each student will have an understanding of the following:
I. The life and health insurance industry and the range of products marketed by life and health insurance companies.
II. An introduction to the concepts of risk and to how the use of insurance is a tool to manage risk by providing protection against the risk of financial loss.
III. The insurance policy as a contract and the requirements that must be met to enter into a valid insurance contract. We will learn that the insurance policy becomes a valuable type of property; whereby the policyholder gains valuable ownership rights through the insurance contract. We will study standard life and health insurance policies, learning what the usual policy provisions are for individual and group life and health insurance policies. Furthermore, we will study the standard supplemental benefits provisions that are available through life and health insurance policies.
IV. An introduction to the concepts of “underwriting” of individual and group insurance risk and the mechanics of how actuaries calculate insurance premium rates for life and health insurance policies.
V. We will compare and contrast the similarities and differences of group and individual life and health insurance. We will focus on insurance policy provisions, setting premium rates and how the insurance policies are administered.
VI. We will discuss the two major forms of health insurance coverage, which are as follows:
a. Medical Expense coverage, which provides benefits to pay for treatment of an insured’s illnesses and injuries
b. Disability Income coverage, which provides income replacement benefits to an insured who is unable to work because of sickness or injury.
Required & Supplemental Materials:
Title: Principles of Insurance: Life, Health and Annuities
Edition: 3rd
Author: Harriett E. Jones
Publisher: LOMA Education and Training
Course Structure: This course will be primarily a lecture, discussion and “hands-on” projects, assignments and cases. There will be some outside readings and activities.
COURSE ASSESSMENT
1. Types of Assessment/Assignments
a. A variety of assessment techniques will be utilized during the course including participation in classroom activities and discussions, home work and two exams (including the final).
b. Promptness is a highly valued attribute in the workplace. Employees are expected to plan ahead to meet deadlines. Managers reprimand or terminate employees who are repeatedly late with assignments. In unusual situations, an extension may be granted if it is requested in advance. In this course, late assignments will be fined 10% of the total possible points per class day late up to a maximum of three class days and thereafter, (i.e., after 3rd class day), no points will be awarded.
2. Make-up Test Procedures
a. There will be no make-up examinations offered except in the teacher’s discretion for emergency situations which will be unusual and rare.
3. Grading Policy
a. There will be two in-class tests (including the final) that will be taken individually. It will consist of multiple choice, true/false and fill in the blank questions.
b. Participation 100 points
Mid-term Exam 100 points
Final Exam 150 points
Underwriting / Policy Project 100 points
Home work 100 points
Total possible 550 points
A = 495+
B = 440 – 494
C = 385 – 439
D = 330 – 384
F = Below 330
4. Maintenance of Student Records
a. Home work will be graded and returned at the next class section. Tests will be graded and returned one week after the test. The student is expected to be responsible for retaining all tests and home work returned by the instructor. All attendance, test and home work points will be recorded in the instructor’s grade book and retained for 1 year.
STUDENT EXPECTATIONS
Attendance Policy: Attendance is important as it will affect your grade. Woody Allen is quoted as saying that “90% of succeeding is showing up.” You can neither contribute nor benefit from class discussion when you are absent. Therefore, you will be allowed one missed class and then you will lose 10 points for each class day missed.
Furthermore, as is true in a business setting, it is the student’s responsibility to contact the instructor prior to or on the day of an absence. Failure to do so is noted in the instructor’s grade book and is utilized, as in a business setting, when the instructor considers whether or not to give the student the benefit of the doubt on subjective matters. It is the student’s responsibility to obtain all missed notes or materials.
Students who attend no class meetings up to and including the Section Census Date published in the Class Schedule at www.mccneb.edu/schedule/ may be disenrolled from the class. There is no appeal for this disenrollment.
A student who fails to meet class attendance expectations may receive a final grade mark of (FX), indicating an absence-related failure, or a failing (F) grade. Attendance can affect future financial aid. Students who are unable to meet their course responsibilities including regular attendance are encouraged to withdraw in accordance with college policies. In the event that a student does not withdraw and does not complete the course requirements, a final grade of “F” is ordinarily given. A course grade of “I” (Incomplete) will only be considered in unusual circumstances if the student has completed 60% or more of the course satisfactorily, the request is made in advance of the final class, and there is a substantial, important, emergent and verifiable reason for delayed completion of the coursework.
Expected Classroom Behavior: Always be professional (be active; responsible and accountable). As this class is oriented towards discussion and team participation, it is imperative that the student show respect for others. This includes listening when someone else has been recognized to address the class, asking permission to talk, and showing consideration for differing views. As history has shown, many of the ideas that eventually came to be “common knowledge” were once derided by the majority; e.g., the idea that the earth is flat was once the prevalent view and to disagree was considered heresy. The goal is not so much to be right as it is to understand the other’s point of view.
Furthermore, cell phone use (including text messaging) during class is disrespectful and disruptive to the instructor and other classmates. Phones should be turned off or on vibrate during class. Calls should only be taken for unusual and important circumstances and if that should occur during class, a student should excuse themselves quietly and step out of class to take the call. During tests the use of a cell phone (use can mean instructor sees a cell phone) in any manner will constitute cheating and a zero for the test will be given. If during a testing period a student is concerned about receiving an emergency telephone call, prior arrangements may be made with the instructor.
Class Participation: In this course active learning is promoted by individual and team participation.
Notice: This syllabus is written as an expectation of class topics, learning activities, and expected learning outcomes. However, the instructor reserves the right to make changes in this schedule that may result in enhanced or more effective learning for students. These modifications will not substantially change the intent or objectives of this course and will be done within the policies and guidelines of
LEARNING SUPPORT
Metro’s Learning, Math, and
Detailed information about these services are in the Student Handbook, College Catalog, and online. Links to these resources are located at http://www.mccneb.edu/learningcenter/.
COLLEGE POLICIES
College policies, such as student rights and responsibilities, academic standards, plagiarism, and etc. are outlined in the College Catalog and Student Handbook. This information can be accessed via the online catalog at http://www.mccneb.edu/academics/catalog.asp.
Student Withdrawal: If you cannot attend and complete this course, you should officially withdraw by calling Central Registration, 457-5231. Failure to officially withdraw will result in either an or failing (F) grade. The last date to withdraw is identified on the first page of this syllabus handout.
Student Code of Conduct: The College has a standard code of conduct that involves consequences for specific academic and non-academic behavior that may result in a failing grade, probation, or suspension from the college. More complete information about the code of conduct is located in the Student Services portion of the online catalog (http://www.mccneb.edu/catalog/studentinformation.asp).
Accommodations for Students with Disabilities: If you have a disability that may substantially limit your ability to participate in this class, please contact a Vocational Special Needs Counselor, located in the Student Services Office on each campus.
SCHEDULE OF ASSIGNMENTS**
| Week 1 | September 2, 2009 | Introductions, ice breakers and review of the syllabus Course Introduction, Chapter 1 & 2 Lecture. Assignment: |
| Week 2 | September 9, 2009 | Turn in Assignment. Chapter 3, 7 & 8 Lecture Assignment: |
| Week 3 | September 16, 2009 | Turn In Assignment Lecture Chapter 9 & 10. Assignment: |
| Week 4 | September 23, 2009 | Turn in Assignment Lecture Chapter 4 Review for Exam 1 -- Chapters 1-3 and 7-10. |
| Week 5 | September 30, 2009 | Exam 1 – Chapters 1-3 & 7-10. |
| Week 6 | October 7, 2009 | Review Exam 1 Lecture Chapter 5 & 6 Begin Work on Underwriting & Pricing Project |
| Week 7 | October 14, 2009 | Lecture Chapter 12 & 13 Work on Underwriting & Pricing Project |
| Week 8 | October 21, 2009 | Turn in Turn in Underwriting & Pricing Project Lecture Chapter 17 & 18 Assignment: |
| Week 9 | October 28, 2009 | Discuss Underwriting & Pricing Project. Lecture Chapter 15 & 16 |
| Week 10 | November 4, 2009 | Review for Exam 2 -- Chapter 12 through 18 (No Chapter 14) |
| Week 11 | November 11, 2009 | Exam 2 – Chapter 12 through 18 (No Chapter 14) |
** The instructor reserves the right to adjust this schedule as necessary.
METROPOLITAN COMMUNITY COLLEGE
Student Services Important Dates
2009-10 CALENDAR
FALL QUARTER 2009 (09/FA)—62 Faculty Workdays
Classes begin......................................................................................August 29..............SA
Labor Day Recess/College closed......... ......................................................September 5-7......SA-M
Classes end.......................... ...........................................................................November 16..........M
The Last Day to Drop for grades is also the last day for students to change from Credit to Audit or Audit to Credit with instructor approval. Students must drop by this date to avoid being assigned a grade of “F”. NOTE: “Last day to drop” refers to grades only.
To view the Last Day to Drop specific to your course section, go to the online class schedule at http://www.mccneb.edu/schedule/classschedule.asp and click on the Important Dates next to the course.
The Refund drop dates for each course section are automatically calculated based on the start and end dates and the number of sessions for the course. NOTE: Refer to refund policy below to determine the last day to receive a refund for your course.
REFUND POLICY
Eligibility for a refund is automatically calculated by the date of the withdrawal. The amount of refund is based on the number of class meetings held prior to the withdrawal compared to the total number of scheduled sessions for the course.
For refund or account questions call: (402) 457-2405 or 1-800-228-9553, extension 2405.
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