Spring 2019 - ACMA 101 E100
Introduction to Insurance (3)
Class Number: 3368
Delivery Method: In Person
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.
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
- Assignments 20%
- Midterm 30%
- Final Exam 50%
All above grading is subject to change
- 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:
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