PRINCIPLES OF INSURANCE

RMI 3335

Fall 2010

SorrellCollege of Business Vision STATEMENT: / Sorrell College of Business will be the first choice for higher business education students in their quest to succeed in a dynamic and global economy. Sorrell College of Business will create the model for 21st century business education and community service.
SorrellCollege of Business Mission STATEMENT: / Through operations that span the State of Alabama, the United States, and the world, Sorrell College of Business equips our students with the knowledge, skills, abilities and competencies to become organizational and community leaders who make a difference in the global village and global economy. Through this endeavor, we serve students, employers, faculty, and TroyUniversity at large as well as the local and global communities
INSTRUCTOR: / Ed Pappanastos, Ph.D.
COURSE SECTION: / TGWA
COURSE PREREQUISITE: / None.
OFFICE HOURS: / Tuesdays: 11:15 -1:00
Wednesdays: 9.:30 – 3:30
Thursdays: 11:15 -1:00
OFFICE LOCATION: / 200B McCartha Hall
OFFICE TELEPHONE: / 334-670-3966; 334-670-5833 (secretary)
EMAIL: / mailto:
WEB SITE: /
TIME OF CLASS: / 1:00-2:15 TTH
CLASS LOCATION: / Wallace 350
COURSE DESCRIPTION: / This course is designed to introduce the student to the principles of risk management and insurance and to the application of those principles to personal risk management problems.
COURSE OBJECTIVES: / Functional knowledge: To develop an understanding of the insurance mechanism, legal principles underlying insurance and the structure of insurance contracts.
Skills: To develop the ability to read, understand, and analyze insurance contracts.
  • To develop the ability to analyze insurance companies with regard to product quality, financial stability and policyholder service.
  • To develop the ability to shop in an informed manner when buying insurance and to reduce insurance premiums by proven methods.

TEXTBOOK: / Principles of Risk Management & Insurance, George E. Rejda, 10th Edition; Study Guide is recommended but not required.
Companion Website:
OTHER MATERIALS: / None.
CLASS PROCEDURE AND REQUIREMENTS: / This course will be delivered in a lecture/discussion format. Student participation is critical.
GRADING METHODS & EXAMINATIONS: / There will be four exams given throughout the semester, plus one comprehensive final. The exams will be given in a multiple-choice/True-False format.
Periodically, quizzes will be given at the beginning of class meetings. Sometimes the quizzes will cover material “to be discussed” during the meeting and other quizzes will cover material “already discussed”. In addition, homework assignments might be given. The point value of each quiz and homework assignment will be announced at the time they are given. A student’s Quiz/Homework grade will be found by dividing the total points earned by the student on quizzes and homework by the total number of points possible.
The student's final average will be calculated as follows:
.15 [Exam 1] + .15 [Exam 2] + .15 [Exam 3] +.15 [Exam 4] + .25 [Final] + .15 [Quiz/Homework Grade]
The student's final grade will be determined using the traditional grading scale (A: 90-100, B: 80-89, C: 70-79, D: 60-69, F: Below 60).
All grades will be earned -- NOT given. Students needing a particular grade in this class to graduate, to keep a scholarship, to be eligible for sports, etc..., will need to score high enough to earn the grade.
Tentative examination dates are indicated on the syllabus. More information on the content and format of the exams will be provided as the material is covered in class. The tentative format for each exam includes multiple-choice and problems.
ATTENDANCE & STUDENT RESPONSIBILITIES: / Students are expected to:
  1. Punctually attend all scheduled classes.
  2. Be responsible for all instructions and assignments given in class as well as for the supporting textbook content.
  3. Read the textbook material before the lecture covering that material.
  4. Be an active participant in this class.
Each student is responsible for the text material assigned on the syllabus, as well as all lecture material. Students missing more than three classes will be dropped from the class.

CELL PHONE POLICY:

/ Use of any electronic devise by students in the instructional environment is prohibited unless explicitly approved on a case-by-case basis by the instructor of record or by the Office of Disability Services in collaboration with the instructor. Cellular phones, pagers, and other communication devices may be used for emergencies, however, but sending or receiving non-emergency messages is forbidden by the University. Particularly, use of a communication device to violate the TroyUniversity “Standards of Conduct” will result in appropriate disciplinary action (See the Oracle.)
In order to receive emergency messages from the University or family members, the call receipt indicator on devices must be in the vibration mode or other unobtrusive mode of indication. Students receiving calls that they believe to be emergency calls must answer quietly without disturbing the teaching environment. If the call is an emergency, they must move unobtrusively and quietly from the instructional area and notify the instructor as soon as reasonably possible. Students who are expecting an emergency call should inform the instructor before the start of the instructional period.

DAILY ASSIGNMENTS:

/ See schedule below.
INCOMPLETE/MISSED WORK POLICY: / Makeup examsfor excused absences will be givenon Dead Day [April 28th] at a time to be announced. No makeup will be provided for missed quizzes. Students will be allowed to drop their two lowest quizzes [not any homework assignments].
GENERAL SUPPORTS: / The computer labs in 119 & 207 McCartha are available for student use when other classes are not in session.
CHEATING POLICY: / It is expected that students will abide by the Honor Code, Academic Code, Technology Use Policy, and Standards of Conduct as outlined in the current edition of the student handbook, the Oracle. Any student not abiding by these codes/policies/standards will be subject to the penalties outlined in the Oracle.

TroyStateUniversity Students’ Honor Code

“I will be honest in all of my academic work and strive to maintain academic integrity.”
AMERICANS WITH DISABILITIES ACT (ADA): / TroyUniversity supports Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, which insure that postsecondary students with disabilities have equal access to all academic programs, physical access to all buildings, facilities and events, and are not discriminated against on the basis of disability. Eligible students, with appropriate documentation, will be provided equal opportunity to demonstrate their academic skills and potential through the provision of academic adaptations and reasonable accommodations. Further information, including appropriate contact information, can be found at the link for TroyUniversity’s Office of Human Resources at
COURSE OUTLINE AND DATES TO REMEMBER: / A tentative list of topics to be covered from the text is included below. The topics are listed in the approximate order in which they will be covered. Please note that this outline is subject to change. We may move exams to later dates or SOONER dates.
Date / Chapter / Date / Chapter
Thu. 8/12 / Course Intro & Ch 1 / Tues. 10/12 / Chapter 23
Tues. 8/17 / Chapter 1 / Thurs. 10/14 / Chapter 23
Thurs. 8/19 / Chapters 2 / Tues. 10/19 / Chapter 11
Tues. 8/24 / Chapter 3 / Thurs. 10/21 / Chapter 11
Thurs. 8/26 / Chapters 5 / Tues. 10/26 / Exam 3
Tues. 8/31 / Chapter 6 / Thurs. 10/28 / Chapter 20
Thurs. 9/2 / Exam 1 / Tues. 11/2 / Chapter 20
Tues. 9/7 / Chapters8 / Thurs. 11/4 / Chapter 21
Thurs. 9/9 / Chapters 9 / Tues. 11/9 / Chapter 21
Tues. 9/17 / Chapter 9 / Thurs. 11/11 / HOLIDAY – VETERANS DAY
Thurs. 9/16 / Chapter 19 / Tues. 11/16 / Chapter 24
Tues. 9/21 / Chapter 19 / Thurs. 11/18 / Chapter 24
Thurs. 9/23 / Chapter 10 / Tues. 11/23 / FALL BREAK
Tues. 9/28 / Chapter 10 / Thurs. 11/25 / HOLIDAY - THANKSGIVING
Thurs. 9/30 / Exam 2 / Tues. 11/30 / Exam 4
Tues. 10/5 / Chapter 22 / THURS. 12/2 / FINAL EXAM
Thurs. 10/7 / Chapter 22 / 5:00 p.m. – 7:00 p.m.
Dates To Remember
  • Aug. 9, Mon. - First Official Day Fall Semester; T-1, A Session, and 16-week Session on Alabama Campuses (except Troy Campus)
  • Aug. 11, Wed. - Troy Campus 16-week Classes Begin
  • Aug. 11, Wed. - 1st Payment Due Date (All students on semester/session formats)
  • Aug. 16, Mon. - Last Day for Free Drop/Add/Withdrawal T-1, A Session & 16-week Session
  • Aug. 17, Tues. - Census Date for T-1, A Session & 16-week Session
  • Sep. 3, Fri. - Payment Due in Full for T-1
  • Sep. 6, Mon. - Labor Day Holiday (All Students except eCampus)
  • Sep. 9, Thur. - 2nd Payment Due Date (All students on semester/session formats)
  • Oct. 10, Sun. - Last Day for T-1 and A Session
  • Oct. 11, Mon. - 3rd Payment Due (All students on semester/session formats)
  • Oct. 11, Mon. - First Official Day of Classes for T-2 and B Session
  • Oct. 18, Mon. - Last Day for Free Drop/Add/Withdrawal T-2 & B Session
  • Oct. 19, Tues. - Census Date for T-2 & B Session
  • Nov. 5, Fri. - Payment Due in Full for T-2
  • Nov. 11, Thur. - Veterans’ Day Holiday (All Students except eCampus
  • Nov. 22-23, Mon.-Tues. - Fall Break 16-week Classes only
  • Nov. 24-28, Wed.-Sun. - Thanksgiving Holidays (All Students except eCampus)
  • Dec. 8, Wed. - Last Day 16-week Sessions
  • Dec. 10, Fri. - Commencement Troy Campus
  • Dec. 12, Sun. - Last Official Day for Fall Semester; Last Day for Term T-3 & B Session Classes
  • Dec. 12, Sun. - Commencement Dothan Campus
  • Dec. 14, Tues. - Commencement Montgomery Campus
  • Dec. 17, Fri.-Dec. 31, Fri. - Holiday Break
  • Dec. 18, Sat. - Commencement Phenix City Campus
  • Dec. 25, Sat. - Christmas Day

STUDENT/INSTRUCTOR CONTRACT

RMI 3335

Each student is required to sign the contract on this page and return it to the instructor ASAP.

The syllabus for this RMI 3335 course has been written to assure that students of the class understand the instructor's policies regarding grading, missed exams/quizzes, and academic dishonesty.

My signature below indicates that I have read the provisions included in this syllabus, that I understand the provisions and will abide by them.

______

SIGNATURE

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Date

Name [printed]:
Student Number:
Address:
Residence Telephone:
Work Telephone:
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