Simon Fraser University
Engaging the World

Course Outlines

Spring 2019 - ACMA 101 E100

Introduction to Insurance (3)

Class Number: 3368

Delivery Method: In Person

Overview

  • Course Times + Location:

    Jan 3 – Apr 8, 2019: Mon, 4:30–6:20 p.m.
    Burnaby

    Jan 3 – Apr 8, 2019: Wed, 4:30–5:20 p.m.
    Burnaby

  • Exam Times + Location:

    Apr 15, 2019
    Mon, 7:00–10:00 p.m.
    Burnaby

  • Corequisites:

    MATH 150, 151, 154 or 157.

Description

CALENDAR DESCRIPTION:

General overview of universally useful concepts in insurance, pensions and financial management. Typical life, health and property & casualty insurance products; underwriting; pricing; reserving; regulation; social insurance; retirement plans and annuities; financial planning: mortgages, loans, wealth management. Quantitative/Breadth-Science.

COURSE DETAILS:

This course is an introduction to insurance products and financial planning. The topics covered include:

  • Life Insurance: Life insurance products: Temporary, whole-life, endowment, universal life, variable life, annuities Life insurance contract: governing laws, agent, standard provisions/clauses
  • Health Insurance: Individual versus group coverage, providers, medical benefits, disability benefits, critical Illness insurance
  • Property & Casualty Insurance: General insurance, ratemaking, automobile, homeowner, regulatory environment, reinsurance
  • Pension and Benefit Plans: Retirement income: employer and government pension plans, compensation arrangements Employee benefits: worker’s compensation, employment insurance
  • Social Insurance: Principles of social insurance, old-age insurance, health care, welfare plans
  • Financial Planning: Mortgages, loans, wealth management, role of insurance in personal financial planning
  • Other

Grading

  • Assignments 20%
  • Midterm 30%
  • Final Exam 50%

NOTES:

All above grading is subject to change

Materials

RECOMMENDED READING:

  • Life Insurance by K. Black and H. Skipper, Prentice-Hall
  • Morneau Shepell Handbook of Canadian Pension and Benefit Plans by Morneau Shepell.
  • Group Insurance by W.F. Bluhm, ACTEX Publications       
  • Insurance Operations Edited by Susan Kearney, The Institutes       
  • Survey of Personal Insurance and Financial Planning, Edited by Mary Ann Cook, The Institutes       
  • Survey of Commercial Insurance, Edited by Arthur Flitner, The Institutes

Department Undergraduate Notes:

Students with Disabilites:
Students requiring accommodations as a result of disability must contact the Centre for Accessible Learning 778-782-3112 or csdo@sfu.ca


Tutor Requests:
Students looking for a Tutor should visit http://www.stat.sfu.ca/teaching/need-a-tutor-.html. We accept no responsibility for the consequences of any actions taken related to tutors.

Registrar Notes:

SFU’s Academic Integrity web site http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating.  Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the University community.  Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University. http://www.sfu.ca/policies/gazette/student/s10-01.html

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS