The Program

Bachelor's Degree Programs

The Risk Management & Insurance Program offers a unique program of study designed to give the student a broad understanding of

  • The roles and functions of risk-bearing institutions,

  • Knowledge of basic principles necessary for adequately managing economic risk, and

  • The opportunity for professional advancement in the fields of risk management, insurance, and estate management.

Professionalism is required in today's business climate and our program of study provides the basis for achievement of professional competency in handling the diverse economic risks apparent in today's business environment. The BBA and BS in Insurance are the only undergraduate insurance degrees in insurance in Kentucky. 

Minor in Risk Management and Insurance

The Minor in Risk Management and Insurance is designed for the non business major and consists of 18 hours including three hours of a required accounting course, nine hours of required Insurance courses and six hours of approved Insurance electives. Students must earn at least 12 of the last 18 hours used for the minor in residence at EKU and must maintain a cumulative GPA of 2.0 in all courses comprising the minor.

Coursework

ACC 201 - Introduction to Financial Accounting
RMI 370 - Principles of Risk and Insurance
RMI 372 - Fundamentals of Property-Liability Insurance
RMI 374 - Fundamentals of Life and Health Insurance
Electives - Six semester hours of upper division Insurance or other approved courses selected from list of approved Insurance Electives.

Insurance Electives

RMI 349 - Cooperative Study in Insurance: Prerequisite: 2.0 GPA.  Co-curricular work experience under direction of faculty and field supervisors.  Training Plan required.  May be retaken for a maximum of six hours.  Minimum 80 hours work per credit hour.

RMI 376 - Excess and Surplus Lines: Prerequisites: RMI 370 or 372 (with a minimum grade of “C” in either course). The course explains the function of the nonadmitted insurers and the policies they issue in the excess and surplus lines market. The course also covers the function and purpose of reinsurance.

RMI 378 - Risk Management: Formerly INS 378. Risk Management as used by organizations; basic functions of risk management with emphasis placed on risk management decision making. Credit will not be awarded to students who have credit for INS 378.

RMI 380 - Personal Risk Management: Prerequisite: INS 370 or instructor approval. An examination of personal loss exposures and their treatment.  Emphasizes risk management techniques.  Topics include property and liability loss exposures for personal automobile, homeowners, premature death, illness, accidental injury, superannuation, investment risks, and estate planning.

RMI 382 - Claim Handling Principles and Practices: Course covers how to apply claims handling principles and claim investigation techniques including; the claim function and professional ethics, handling process, investigation, documentation requirements, negotiation and settlement, and application of the unfair claims practices act.

RMI 400 Seminar in Insurance: Prerequisite: Instructor approval.  A seminar study of selected topics of special and contemporary interest to business students.  May be retaken under different subtitles for cumulative maximum of six hours.

RMI 462 - Business Law for Insurance: Prerequisites: RMI 374 and 372 (with a minimum grade of “C” in either course). Covers the law of contracts, property, UCC, torts and agency as specifically applicable to the insurance industry.

RMI 472 - Insurance Finance and Accounting: Prerequisites: Acct. 201 and 202. This course is designed to teach the principles of Statutory Accounting and Finance to the student of insurance. To do so, there is a review of GAAP and then the comparison of Statutory Accounting Principles (SAP). The student will learn to analyze the financial statement of property and liability insurers, to understand their investment strategies, which are regulated, and the financial consequences of mergers and acquisitions. Finally, the course examines the effect of the insurance underwriting cycle upon the financial decisions of insurers. 

RMI 476 - Employee Benefit Planning: Formerly INS 376.  Prerequisite: INS 370 or instructor approval. Employee benefit plans including taxation, costs, and choices of funding.  Includes an analysis of the role of employee benefit plans in meeting the risks of death, sickness, disability and supperannuation.

RMI 490 - Special Problems in Insurance: Prerequisite: Advisor/department chair approval.  May be retaken under different subtopics to a maximum of 6 hours.  Independent work, special topics, or seminars.  Student must have the independent study course proposal form approved by faculty supervisor and department chair prior to enrollment.

APS 350 - Private Investigations, Ethics and the Law: Review of evolution, methods and management of private investigations, public and private investigative resources, investigative technology, and ethical and public policy considerations related to private investigations.

APS 351 - Investigative Interviews and Reports: Prerequisite: ENG 101 and 102.  Review of literature and techniques for conducting investigative interviews and interrogations, and preparation of investigative reports for internal, administrative, civil and criminal proceedings.

APS 352 - Investigative Law: Prerequisites: APS 225 and 351.  Examination of statutory and case law pertaining to private investigations, and presentation of investigative evidence in internal, administrative, civil and criminal proceedings.

APS 438 - Computer Information Security: Prerequisite: Instructor Approval.  Vulnerability assessments and countermeasures for securing computer and network information systems for unauthorized entry, abuse, and sabotage, with emphasis on system software, database analysis, communication networks, and auditing techniques.

APS 465 - Assets Protection Auditing: Prerequisites: ACC 201 and introductory level statistics course.  Review and application of investigative auditing, inventorying, and surveying procedures, and application of probability and statistical information to assets protection decision making.

FSE 221 - Fire Detection & Suppression Systems: Prerequisite: FSE 101, FSE 120.  An introduction to fire detection and suppression systems and their relationship to fire control and extinguishment.

FSE 322 - Fire Protection System Analysis and Design: Prerequisite: FSE 221.  Analysis and evaluation of specific code requirements related to the design, inspection, testing and maintenance of fire protection systems.  Design project(s) will be included.

FSE 350 - Arson Investigation: Prerequisite: FSE 300 or approval.  Detection of arson and associated crimes; interviewing techniques; preparing for court, coordination of arson investigation with other public and private agencies.

FSE 361 - Principles of Occupational Safety and Health: History of the development of occupational safety and health.  Methods of accident prevention and hazard control.  Introduction to safety programs, workers’ compensation, emergency preparedness and accident investigation.

FSE 366 - Hazard Identification and Control: Prerequisite: FSE 361, FSE 200 or approval.  Hands-on approach toward identification and control.  Areas of study include noise levels, chemical and electrical hazards, air contaminants, and heat/cold stress.  Control measures include administrative, engineering, and safeguarding methods.

TRS 332 - Traffic Crash Causation and Investigation: A study of the principles of traffic accident causation and techniques used in investigation.  Designed to increase the investigator’s knowledge and understanding necessary for gathering factual information through investigation as opposed to reporting traffic accidents.

TRS 342 - Advanced Accident Investigation: Prerequisite: TRS 332.  Course designed to prepare participants in advanced traffic accident investigation methods and techniques.

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