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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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Underwriting Life and Health Insurance (UND 386)

Formerly Underwriting Life and Health Insurance (UND 385 or FLMI 300)
Location: 
Independent study and proficiency examination program administered from the central offices of LOMA.
Length: 

Varies-independent study.

Dates: 

Version 1: March 1990 - June 2004.* Version 2: July 2004 - October 2006. Version 3: November 2006 - November 2019.  

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Version 1: Upon successful completion of the course, students will be able to: explain the principles and tools of risk selection for life and health insurance; explain the significance of medical, financial, and personal underwriting factors in risk selection and new business processing; describe laws and regulations that guide underwriting; and explain the principles and procedures used in group underwriting. Version 2: Upon successful completion of the course, students will be able to: explain the principles of risk selection for life and health insurance; distinguish among the various types of information and tools used by underwriters in risk selection and new business processing; explain the significance of medical, financial, and personal underwriting factors; describe qualities of a successful underwriter-agent relationship; describe laws and regulations that guide underwriting; and explain the principles and procedures used in group underwriting. Version 3: Upon successful completion of the course, students will be able to: explain the principles of risk selection for life and health insurance; describe the various sources of information and types of tools and technology used by underwriters in risk selection and new business processing; describe laws and regulations that guide underwriting; explain the significance of medical, financial, and personal underwriting factors; and explain the underwriting principles and procedures used for individual life insurance, specialized policies and supplemental benefits, individual health insurance, and group insurance.

Instruction: 

Version 1: Major topics include: sources of underwriting information; people and organization of underwriting; teleunderwriting; medical, financial, and personal underwriting factors; interaction between underwriters and agents; legal aspects of underwriting; underwriting specialized policies, group policies, and health policies. Version 2: This course is designed to give students a general understanding of the medical, financial, and personal factors considered during risk selection as practiced in life and health insurance companies. Major topics include: risk assessment and underwriting; the people and the organization of underwriting; legal aspects of underwriting individual policies; medical factors in underwriting individual life insurance; financial factors in underwriting individual life insurance; personal factors in underwriting individual life insurance; underwriting specialized policies and supplemental coverages; underwriting individual health insurance; group underwriting, agents, and the law; risk assessment for group insurance; underwriting procedures for group insurance. Version 3: This course describes risk assessment principles as applied to underwriting individual and group life and health insurance. Major topics include: principles of underwriting and the underwriting position; legal aspects of underwriting individual and group insurance policies; underwriting activities and technology; medical, financial, and personal factors for underwriting individual life insurance; underwriting for business insurance, specialized policies, replacements, and supplemental benefits; underwriting individual health insurance; and activities and risk assessment for group insurance underwriting.

Credit recommendation: 

Version 1, 2 and 3: In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate category, 2 semester hours in Insurance (12/99) (12/04 revalidation) (3/10 revalidation) (11/14 revalidation).

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