FINANCE 361: Risk Management & Insurance (3 Semester Hours)
Fall 2010, Tuesday Nights 6:00 – 8:30 p.m. Room 452
Adjunct Instructor: John Richard (Rick) Still, LUTCF, RFC, FSS, CLTC,
(Life Underwriters Training Council Fellow; Registered Financial Consultant, Financial Services Specialist,
Certified Long Term Care)
Life Member Million Dollar Round Table
Financial Consultant - Southwest Securities Series 6, 63 & 22
Office Hours: As Requested Telephone Office: 564-2981
E-mail: firstname.lastname@example.org Home: 564-2281
Textbook: George E. Rejda, Principles of Risk Management and Insurance. 11 ED, 2011
General Insurance: Introductory course in the principles of insurance: the place of insurance in the
economy, the theory and principles of insurance, and comprehensive coverage of all lines of
insurance. Prerequisite: Junior standing or consent of instructor.
Attendance is strongly encouraged. Classroom discussion, handouts and questions will
make this information easier to understand. Test questions may also come from lectures.
Testing: There will be six scheduled tests and a comprehensive final exam on the following dates:
September 14 Chapters 1, 2, 3 & 4
September 28 Chapters 5, 6, & 7
October 12 Chapters 8, 9, & 10
October 26 Chapters 11, 12, & 13
November 9 Chapters 14, 15, & 16
November 30 Chapters 17, 18, & 19
December 14 Final Exam-Chapters 21, 22, & 23
All exams will consist of 50 multiple choice questions, each counting 2 points. Your lowest
test score will be dropped. Remaining test scores will be equally averaged to determine
your class grade. Pop quizzes may also be given that can affect your grade and these
quizzes cannot be made up without prior notice of your absence being given to me. All
exams are designed to be completed in 1 ½ hours.
Unforeseen circumstances may cause changes in this syllabus.
Final withdrawal date is Oct. 27, 2010
Aug 31 Chapters 1 & 2
Sept 7 Chapters 3 & 4
Sept 14 Chapter 5 and Test on Chapters 1, 2, 3, & 4
Sept 21 Chapters 6 & 7
Sept 28 Chapter 8 and Test 5, 6, & 7
Oct 5 Chapters 9 & 10
Oct 12 Chapters 11 and Test 8, 9, & 10
Oct 19 Chapters 12 & 13
Oct 26 Chapter 14 and Test on Chapters 11, 12, & 13
Nov 2 Chapters 15 & 16
Nov 9 Chapter 17 and Test on Chapters 14, 15, & 16
Nov 16 Chapters 18 & 19
Nov 23 Thanksgiving
Nov 30 Chapters 20 & 21 and Test on Chapters 17, 18, & 19
Dec 7 Chapters 22 & 23
Dec 14 Final Exam Chapters 21, 22 & 23
(no test on Chapter 20)
Program Learning Outcomes:
Program learning outcomes define the knowledge, skills, and abilities students are expected to demonstrate
upon completion of an academic program. These learning outcomes are regularly assessed to determine
student learning and to evaluate overall program effectiveness. You may access the program learning
outcomes for your major and particular courses at http://cobweb.sfasu.edu/pol.html.
This course is designed to help students better understand the reasons and methods of evaluating risks
that will occur both in their personal lives and business careers. We will learn how to assimilate the various
types of risks as to their relative importance in our daily personal endeavors and professional pursuits.
Identifying the financial criteria of these risks and learning how to fund for their eventualities, will help
students distinguish between the major methods of handling risks.
Aug 31 – Overview of course. Understanding how risk is a burden to society and identifying
major insurable and uninsurable risks.
Sept 7– Defining risk management and understanding the expanded scope of risk.
Sept 14 – The changing scope of risk management.
Sept 21 – Insurance company functions and financial operations.
Sept 28 – Government regulation of insurance.
Oct 5 - Legal principals and analysis of insurance contracts.
Oct 12 – Life insurance contracts.
Oct 19 – Life insurance contractual provisions and purchasing life insurance.
Oct 26 – Annuities and individual retirement accounts.
Nov 2 – Individual health insurance and employee benefits.
Nov 9 – Employee retirement plans.
Nov 16 – Social insurance and liability risks.
Nov 30 – Homeowners insurance both property and liability.
Dec 7 – Automobile insurance both property and liability.
Dec 14 – Final Exam
Student Learning Outcomes:
This course should be a valuable learning experience for you. Insurance is an important part of our lives no
matter what career we choose to pursue. A better understanding of insurance can make you a better risk
manager in your personal lives and/or professional pursuits.
GENERAL STUDENT POLICIES
Academic Integrity policy (A-9.2):
Academic integrity is a responsibility of all university faculty and students. Faculty members promote
academic integrity in multiple ways including instruction on the components of academic honesty, as well as
abiding by university policy on penalties for cheating and plagiarism.
Definition of Academic Dishonesty
Academic dishonesty includes both cheating and plagiarism. Cheating includes but is not limited to (1)
using or attempting to use unauthorized materials to aid in achieving a better grade on a component of a
class; (2) the falsification or invention of any information, including citations, on an assigned exercise;
and/or (3) helping or attempting to help another in an act of cheating of plagiarism. Plagiarism is presenting
the words or ideas of another person as if they were your own. Examples of plagiarism are (1) submitting
an assignment as if it were one’s own work when, in fact, it is at least partly the work of another source; and
(3) incorporating the words or ideas of an author into one’s paper without giving the author due credit.
Please read the complete policy at
Withheld Grades policy (A-54):
Ordinarily, at the discretion of the instructor of record and with the approval of the academic chair/director, a
grade of WH will be assigned only if the student cannot complete the course work because of unavoidable
circumstances. Students must complete the work within one calendar year from the end of the semester in
which they receive a WH, or the grade automatically becomes an F. If students register for the same
course in future terms the WH will automatically become an F and will be counted as a repeated course for
the purpose of computing the grade point average.
Students with disabilities information:
To obtain disability related accommodations, alternate formats and/or auxiliary aids, students with
disabilities must contact the Office of Disability Services (ODS), Human Services Building, and Room 325,
468-3004 / 468-1004 (TDD) as early as possible in the semester. Once verified, ODS will notify the course
instructor and outline the accommodation and/or auxiliary aids to be provided. Failure to request services in
a timely manner may delay your accommodations. For additional information, go to
Acceptable Student Behavior:
Classroom behavior should not interfere with the instructor’s ability to conduct the class or the ability of
other students to learn from the instructional program (see the Student Conduct Code, policy D-34.1).
Unacceptable of disruptive behavior will not be tolerated. Students who disrupt the learning environment
may be asked to leave class and may be subject to judicial, academic, or other penalties. This probation
applies to all instructional forums, including electronic, classroom, labs, discussion groups, field trips, etc.
The instructor shall have full discretion over what behavior is appropriate/inappropriate in the classroom.
Students who do not attend class regularly or who perform poorly on class projects/exams may be referred
to the Early Alert Program. This program provides students with recommendations for resources or other
assistance that is available to help SFA students succeed.