Property-Liability insurers exist in an economic and regulatory environment, hence these issues are examined as well. The success of the insurer within this environment can be evaluated from the insurer's financial statements. Therefore, students will learn the rudiments of the statutory accounting system so that they can read and interpret insurer's financial statements.
Quizzes are weekly.
Students will be allowed to drop a few of the lowest quiz scores. Class lectures cover more material than that in the texts and readings. Therefore class attendance is mandatory to retain status in the course. Insurance Operations . Volume 1, second edition.