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RMGT 2110 - Principles and Practice of Insurance

General Insurance & Risk Management Part-time Studies Course

School of Business

Course Details

This course provides a foundation of knowledge of risk management and the insurance industry. No prior experience or knowledge of insurance is required as this course covers the general principles that underlie the operation of insurance. Students are introduced to the concept of risk and shown how insurance deals with it. Students will study the basic concepts and language of insurance; the legal context of insurance; and the participants in the industry and their relationships to each other. Although specific types of insurance are not covered, the principles students learn underlie the situations encountered in the industry and every policy and course students will study throughout the program.

Credits

5.0

Cost

$698.00

Fall 2019

Below is one offering of this course for the Fall 2019 term.

CRN 37651

Tue Sep 10 - Tue Dec 03 13 Weeks

Class Meeting Times

Dates Days Times Locations
Sep 10 - Dec 03 Tue 17:30 - 20:30 BBY SW01 Rm. 2590

Instructor

Shaun Sinclair

Course Outline

Cost

$698.00

This course offering is in progress. Please check back next term or subscribe to receive email updates.

In Progress

Learning Outcomes

Upon successful completion, the student will be able to:

  • Explain the process of risk management, how it deals with the problems of risk.
  • Identify the major categories of insurance and who provides each.
  • Explain the process of ratemaking.
  • Compare different types of insurers.
  • Use common risk management and insurance terminology.
  • Discuss the concept of insurable interest, indemnity, utmost good faith.
  • Identify the elements of an insurance contract in a practical application.
  • Analyze case study with respect to principles of risk and factors influencing insurance product cost.

Effective as of Winter 2008

Programs and courses are subject to change without notice.

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English Language Proficiency

BCIT's Part-time Studies English Language Proficiency Standard is English 12 (or equivalency). Students who do not meet this requirement should upgrade their English skills prior to any future registration.

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