BUS 141 - Introduction to Insurance
Covers the basic background of modern property/casualty insurance systems. Explores the interrelationship of insurance work, how insurance products and services are distributed to the consumer, and how insurance company departments function. Includes civil, tort and contract law and the importance of the risk management process.
- Define or explain the words and phrases used in the insurance business.
- Describe the general nature of property and liability insurance.
- Explain how insurance benefits society.
- Describe the types of work done by a customer service representative in preparing a submission and preparing a personal lines quote.
- Describe an insurance application and how it is handled by a producer and a customer service representative.
- Describe the types of policy provisions found in an insurance policy and briefly explain the purpose of each type.
- Describe insurance cycle.
- Give examples of changing consumer needs.
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