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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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Reinsurance Administration (ARA 440)

(Principles of Reinsurance)
Course Category: 
Inactive Learning Experiences - Associate Program and Other LOMA courses
Length: 

Varies-independent study.

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

November 2000 - May 2023.

Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

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.

Instruction: 

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.

Credit recommendation: 

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). 

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