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National College Credit Recommendation Service
LOMA | Evaluated Learning Experience
Reinsurance Administration (ARA 440)
(Principles of Reinsurance)
Independent study and proficiency examination program administered from the central offices of LOMA.
Instructional delivery format:
Upon successful completion of the course, students will be able to: describe the functions of reinsurance; identify relevant laws and regulations; distinguish among the various forms of reinsurance; describe reinsurance administration staff's interactions with other functional areas of the insurer organization; explain the typical provisions included in a reinsurance treaty; and explain how the parties to a reinsurance treaty assign risk, establish and monitor retention limits, and ensure quality control.
Major topics include: the nature, purpose, and forms of reinsurance; regulation of reinsurance; reinsurance activities, staff, and systems; coverage, financial arrangements, and administrative procedures of reinsurance treaties; managing retention limits, new and inforce business, and terminations; and quality control.
In the upper division baccalaureate degree category, 2 semester hours as an elective in Business Administration or Insurance (1/01) (7/06 revalidation) (10/12 revalidation) (11/17 revalidation).