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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Regulatory Compliance: Insurance and Annuity Products (AIRC 420)

Location: 
Independent study and proficiency examination program administered from the central offices of LOMA.
Length: 

Varies-independent study.

Dates: 

Version 1: November 1998 - June 2004. Version 2: July 2004 - December 2013. 

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Version 1 and 2: Upon successful completion of the course, students will be able to: explain the regulation of developing and marketing individual and group life and health insurance products; describe the regulation of reinsurance agreements; describe the regulation of credit insurance; and describe the regulation of annuities and retirement products.

Instruction: 

Version 1: Major topics include: regulation of individual life and health insurance products; life and health insurance advertising and solicitation disclosure requirements; regulation of Medicare supplement and long-term care insurance products; regulation of managed care plans; regulation of life and health reinsurance agreements; state and federal regulation of group life and health insurance; regulation of credit life and health insurance; regulation of annuities and retirement products. Version 2: This course describes how the state governments and the federal government regulate the insurance and annuity products that are offered by insurance companies in the United States. Major topics include: regulation of individual life insurance products; life insurance advertising and disclosure requirements; regulation of individual health insurance products; health insurance advertising and solicitation; regulation of specific health insurance products; regulation of managed care plans; regulation of reinsurance agreements; state regulation of group life and health insurance; federal regulation of group life and health insurance; regulation of credit life and health insurance; and regulation of annuities and retirement products.

Credit recommendation: 

Version 1 and 2: In the upper division baccalaureate degree category, 2 semester hours in Insurance (12/99) (12/04 revalidation) (3/10 revalidation).

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