FAK 2617 Life Insurance

APPLIES TO ACADEMIC YEAR 2012/2013

FAK 2617 Life Insurance

Responsible for the course
Ina Due-Tønnessen

Department
Department of Accounting - Auditing and Law

Term
According to study plan

ECTS Credits
7,5

Language of instruction
Norwegian

Introduction
This course is meant especially for employees in the insurance industry who works with topics within personal insurance. The course constitutes a part of the authorization for insurance brokers, the authorization for insurance advisers and the authorization for personal insurance consultants.


Learning outcome
Acquired knowledge
This course aims to give the students knowledge of the laws and financing of the National Insurance. The students shall know the most important changes in the National Insurance and the laws of the “new” Contractual pension. They shall know why the companies risk evaluates their customers and why they perform financial risk management. They shall know the taxation of the different insurance's and know the central parts of the family, inheritance and insurance rules. They shall know what fraud means in connection with life insurance.
After this course the student shall have a wide overview over the most usual types of both individual insurance and group pension schemes, Workmen’s compensation insurance and Accident insurance, how they are constructed, how the insurance premium is estimated and what terms are concerned for this different types of insurance's.

Acquired skills
After finishing this course, the students shall be able to give an account of the of rules for, and the changes in the National Insurance and “new” Contractual pension. They shall also be able to give an account for the laws and rules concerning the different types of insurance that is covered by curriculum. They shall be able to explain how profit is distributed and be able to explain the consequences of risk management.
They shall be able to consider the customers needs for security through individual concepts and different insurance solutions.


Reflection
The students shall work up a particular conscious attitude to laws and rules that relate to their profession, and be conscious that those choices they make and the advice's they give may have large impact on others.

Prerequisites
In addition to the BI courses Introduction to Insurance and Introduction to Law I, this course requires basic knowledge of Norwegian financial activity, and of central legal provisions within this business sector.

Compulsory reading
Books:
Brekken, Gerd Mary, red. 2011. Personforsikring : privat - bedrift. 16. utg. BI Forsikring. Revidert/ny bok forventes å foreligge i løpet av perioden

Other:
Lover, forskrifter og utdelt materiell


Recommended reading

Course outline

  • Insurance
  • Contractual pension (AFP)
  • Insurance forms in individual endowment
  • Insurance forms individual pure insurance
  • Paid-up policies
  • Life Insurance Technique
  • The return of savings in insurance
  • Risk assessment
  • Tax Rules for individual life and pension insurance
  • Family, insurance and inheritance
  • Abuse and fraud in life insurance
  • Occupational injuries
  • Group life
  • accident
  • Health Insurance
  • Money Laundering

Computer-based tools
Access to the Internet is required. Learning platform: it’s learning.

Learning process and workload
Part-time course
Organized as distance education based on self study and two non compulsory assignments. Intensive seminars (2+2 days) are organized. Participation is voluntary.
Actitvity
Use of hours
Participation at lectures - 3 days
32
Preparations for lectures
12
Working with literature
94
Assignments and activities on It's Learning
17
Solving mandatory assignments (3)
40
Exam
5
Recommended use of hours
200


    Examination
    A five-hour individual written examination concludes the course. If the examination is to be used for Authorization the candidate must at least obtain the grade C

    Examination code(s)
    FAK 26171 Written examination, which accounts for 100 % of the final grade in the course FAK 2617 Life Insurance, 7.5 credits.

    Examination support materials
    All support materials are allowed including a BI-defined exam calculator. TEXAS INSTRUMENTS BA II Plus™
    Examination support materials are specified under examination information in our web-based Student Handbook. Please note the use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids


    Re-sit examination
    A re-sit is held at the next scheduled exam in the course.

    Additional information