BMT 126 - Fundamentals of Insurance (3 Credits)

This course enhances the student’s understanding of insurance risk and the implications for individuals, businesses and society. A review of insurance mechanisms, common types of property-casualty insurance and societal benefits is provided. The core functions of insurance organizations including marketing, underwriting and claims are discussed. Students explore insurance policy structure, basic types of policy provisions and a simple method for analyzing policies, as well as career options in the insurance industry. Lecture Hours: 39. Prerequisite(s): ENG 095  or ENG 097  with a grade of “C” or better, an acceptable reading placement test score or permission of the department head. Usually offered in the fall.