1 RMIN 2500.004 INTRODUCTION TO RISK MANAGEMENT AND INSURANCE FALL 2018 Course Information 3 Credit Hours Prerequisites: None Course Dates: August 27, 2018 – December 14, 2018 Course Format: Online Date and Time of Final Exam: December 10, 2018; Opens 12:01 AM, Closes 11:59 PM in Canvas Course URL: https://unt.instructure.com . Instructor Information Dale Sharpe Jenkins, M.S., CIC, AINS, Lecturer BLB 331C 940.565.3620 Office Hours: Wednesday 10:00 AM – 12:00 PM Course Description This is a course in the study of basic theories of risk, risk management techniques, fundamental principles of insurance and insurance company operations. The course will provide an overview of insurance contracts and examination of the personal lines home and auto policies and major commercial lines policies. Course Specific Outcomes For RMI majors, this course serves as a basis for more advanced courses. RMIN 2500 students are expected to comprehend key insurance terminology and insurance contract features; to gain a general understanding of insurance company operations; to acquire knowledge and understanding of the basic risk management process and to describe how property and liability risks are classified and the importance of risk classification. After taking this course students will have a better understanding of the insurance industry and the importance and relevance of the risk management function in their personal life as well as within organizations and the societal importance of risk financing via insurance. Course Materials Principles of Risk Management & Insurance,(13th Edition) by George E. Rejda and Michael J. McNamara. ISBN 13: 978-0-13-408257578 Additional reading material and videos posted in Canvas Online magazine article publications; links provided in Canvas Lectures posted in Canvas
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RMIN 2500.004
INTRODUCTION TO RISK MANAGEMENT AND INSURANCE
FALL 2018
Course Information
3 Credit Hours
Prerequisites: None
Course Dates: August 27, 2018 – December 14, 2018
Course Format: Online
Date and Time of Final Exam: December 10, 2018; Opens 12:01 AM, Closes 11:59 PM in
Canvas Course URL: https://unt.instructure.com .
Instructor Information
Dale Sharpe Jenkins, M.S., CIC, AINS, Lecturer
BLB 331C
940.565.3620
Office Hours: Wednesday 10:00 AM – 12:00 PM
Course Description
This is a course in the study of basic theories of risk, risk management techniques, fundamental
principles of insurance and insurance company operations. The course will provide an overview
of insurance contracts and examination of the personal lines home and auto policies and major
commercial lines policies.
Course Specific Outcomes
For RMI majors, this course serves as a basis for more advanced courses. RMIN 2500 students
are expected to comprehend key insurance terminology and insurance contract features; to gain a
general understanding of insurance company operations; to acquire knowledge and
understanding of the basic risk management process and to describe how property and liability
risks are classified and the importance of risk classification. After taking this course students
will have a better understanding of the insurance industry and the importance and relevance of
the risk management function in their personal life as well as within organizations and the
societal importance of risk financing via insurance.
Course Materials
Principles of Risk Management & Insurance,(13th Edition) by George E. Rejda and Michael J.
McNamara. ISBN 13: 978-0-13-408257578
Additional reading material and videos posted in Canvas
Online magazine article publications; links provided in Canvas
Exam 4 Covering Material from Weeks 10 – 12 Submit before: 11:59
pm 11/21/18
Thanksgiving Break
11/22/2018 – 11/23/2018
Week Fourteen: Overview of Commercial Insurance
Activity Description Due Date
Reading Assignment
PRMI Textbook – Chapter 25 pgs. 549 – 563
Learning Objectives: 1. Explain the basic components of the commercial package
policy
2. Explain the basic provisions of the building and personal
property policy
3. Identify the causes of loss that are covered under various
cause of loss forms
4. Explain the type of losses covered under the business income
(and extra expense) coverage form
5. Explain how terrorism coverage has changed since 9/11 and
how coverage is offered today
Lecture Overview of Commercial Insurance
Discussion Board The Risk Manager and Insurance Broker 1st Post
Submit before:
11:59 pm 11/28/18
2nd
Post
Submit before:
11:59 pm 11/30/18
Reading Assessment
Homework
In Canvas – Covers Chapter 25 Submit before:
11:59 pm 12/2/18
Week Fifteen:
Activity Description Due Date
Reading Assignment
PRMI Textbook – Chapter 26
Learning Objectives: 1. Identify the major liability loss exposures of business firms
2. Describe basic coverages provided by a commercial general
liability (CGL) policy
3. Explain the coverage provided by workers compensation and
employers liability policy
4. Describe coverage provided by Cyber Liability policies
5. Describe coverage provided by Directors and Officers
Liability Insurance
Discussion Board No Discussion Board
Reading Assessment
Homework
In Canvas – Chapter 26 Submit before: 11:59
pm 12/5/18
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Discussion Board
The Discussion Board (DB) assignments are designed to help you apply the reading material to
topics and issues faced by professionals in the risk management and insurance industry today.
Your participation in the DB conversations is required and will be graded. There are a total of 9
DB assignments. Each assignment will be graded, however your lowest score will be dropped
and your final grade will be calculated using the average of your 8 highest scores for DB posts.
Discussion Board assignments open at 11:59 pm Sundays and close the following Fridays at
11:59 pm. With the exception of the first DB assignment (Introductions & Personal Perspective
of Risk) you will be required to make at least two posts per week as well as answer any follow
up questions posed by the instructor. The initial post will be your response to the
prompt/question(s) raised by the instructor and it is due by 11:59 pm on Wednesdays. The
second post will be your comment on another classmate’s post. The second post is due on
Fridays by 11:59 pm. Any additional questions raised by the instructor will be posted by
Thursday. If the instructor raises additional questions in the discussion you must respond to
those as well by the Friday deadline.
There is a more detailed overview of DB assignments located in the Course Introduction and
Overview module located in Canvas. Your average grade for Discussion Board assignments will
make up 20% of your final grade.
Reading Assessment Homework
There will be weekly homework assignments beginning Week One for a total of 14 assignments
throughout the term. The homework assignments for each week are located in the Weekly
Module in Canvas. They will open at 12:00 am each Monday and close on Sundays at 11:59 pm.
The assignments are designed to test your understanding of the reading material and therefore the
correct answers come from your reading assignments.
Your average grade for all homework will represent 20% of your final course grade. The lowest
score on your homework assignment will be dropped and your final grade will be calculated
based on the remaining 13 scores.
Midterm and Final Exams
No make-up exams will be allowed. There are four (4) midterm exams during the semester
and one (1) final exam. The average of your score on the midterm exams represents 25% of
your final grade. The final is comprehensive and will represent 35% of your final grade. All
exams are administered through Canvas. Midterm and Final exams are scheduled as follows:
Exam One – Opens 12:00 am 09/19/18; Closes 11:59 pm 09/19/18
Exam Two – Opens 12:00 am 10/10/18; Closes 11:59 pm 10/10/18
Exam Three – Opens 12:00 am 10/31/18; Closes 11:59 pm 10/31/18
Exam Four – Opens 12:00 am 11/21/18; Closes 11:59 pm 11/21/18
Final Exam – Opens 12:00 am 12/10/18; Closes 11:59 pm 12/10/18
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Grades
The course grade will be determined by adding your average grade for DB, Homework and
Midterms to your Final Exam. To calculate your final grade:
(Average of DB x .20) + (Average of Homework x .20) + (Average of Midterm Exams
x .25) + (Final Exam Score x .35) = Final Average
Reminder…if this class is in your major, you must earn a “C” to pass.
Course grade is determined as follows:
FINAL AVERAGE LETTER GRADE
90 – 100 A
80 – 89.9 B
70 – 79.9 C
60 – 69.9 D
UNDER 60 F
The instructor reserves the right to curve final grades if it is deemed appropriate.
Issues: if a student has any issue regarding grading or assignments, please
contact the instructor within one business day of the grade being released in the grade book. Please do not wait until the semester ends when it is too late
to consider any recourse.
While you are allowed to use your textbook and refer to material in Canvas in order to complete the exams, you are NOT allowed to get help from other
students.
Important Note: There will be no makeup work for missed assignments, discussions or
exams. Utilization of the calendar functions on your personal phones or emails to set up
reminders about course deadlines is highly recommended.
Attendance and Participation
Canvas enables us to track whether and when you visit various areas of the course site,
login times, total number of login sessions, total amount of time online and number of
discussion postings. We reserve the right to drop students with very poor access.
Zip Code Survey
To better serve students who have a need for taking classes online, the University may collect
some basic information via the “Zip Code Survey” which I strongly encourage you to take. The
Survey will be posted in Canvas when it becomes available.
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Netiquette
Netiquette is network etiquette; it is a set of rules for behaving properly online. Students are required to understand and adhere to netiquette while interacting with others in this course. You
can review the rules at
http://www.albion.com/netiquette/corerules.html . Please review them carefully. You will be asked a question pertaining to netiquette on your graded homework assignment for Week One.
Disability Accommodation
The University of North Texas is on record as being committed to both the spirit and letter of
federal equal opportunity legislation; reference Public Law 92-112 – The Rehabilitation Act of
1973 as amended. With the passage of new federal legislation entitled Americans with
Disabilities Act (ADA), pursuant to section 504 of the Rehabilitation Act, there is renewed
focus on providing this population with the same opportunities enjoyed by all citizens.
As a faculty member, I am required by law to provide "reasonable accommodations" to
students with disabilities, so as not to discriminate on the basis of that disability. Student
responsibility primarily rests with informing faculty of their need for accommodation and in
providing authorized documentation through designated administrative channels. Information
regarding specific diagnostic criteria and policies for obtaining academic accommodations can
be found at http://www.unt.edu/oda/apply/index.html. Also, you may visit the Office of
Disability Accommodation in the University Union (room 321) or call them at (940) 565-4323.
If you need an accommodation, please contact me promptly during the first week of class.
Special Note about Canvas
Canvas is committed to making certain that online courses are open and accessible to people
with disabilities. As a result, Canvas complies with Section 508 of the United States
Rehabilitation Act of 1973, enabling people with disabilities and those using assistive
technologies, such as screen readers, to fully use the software.
Academic Dishonesty
Academic dishonesty is defined in the UNT Policy on Student Standards for Academic
Integrity. Any suspected case of Academic Dishonestly will be handled in accordance with the
University policy and procedures. Possible academic penalties include a grade of “F” in the
course. You will find the policy and procedures at http://vpaa.unt.edu/academic-integrity.htm
If I suspect that you have engaged in academic dishonesty, I will deal with the situation as
outlined in the University Policy mentioned above. You will be allowed to remain in the class
during the entire time that the academic misconduct accusation is being investigated,
adjudicated, and appealed. As noted above, the maximum academic penalty that can be
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