FIS 250 Entire Course NEW

FIS 250 Complete Class
Check this A+ tutorial guideline at
http://www.uopassignments.com/FIS-250/FIS-250-
Complete-Class-Guide
For more classes visit
http://www.uopassignments.com
FIS 250 Complete Class
FIS 250 Week 1 CheckPoint Risk Management Methods
FIS 250 Week 1 DQ 1 And DQ 2
FIS 250 Week 2 Assignment Risk Management Process
FIS 250 Week 2 CheckPoint Risk Management Objectives
FIS 250 Week 3 CheckPoint Underwriting Claims and
Reinsurance Appendix B

FIS 250 Week 4 Assignment Interpreting Insurance
Contracts Appendix C
FIS 250 Week 4 CheckPoint Determining Loss Outcomes
FIS 250 Week 5 CheckPoint Life Insurance Needs
Analysis Worksheet Appendix D
FIS 250 Week 7 CheckPoint Loss Settlement Payments
FIS 250 Week 8 Assignment Losses Covered Under PAPs
FIS 250 Week 8 CheckPoint CheckPoint PAP
FIS 250 Week 9 Capstone DQ
FIS 250 Week 9 Final Project Playing the Professional

Week-1-CheckPoint-Risk-Management-Methods
CheckPoint: Risk Management Methods
Recall that there is more to handling risk than just
purchasing insurance. The five major methods for
handling risk include avoidance, loss control, retention,
noninsurance transfers, and insurance. Knowing which
risk management method to choose is key to avoiding
and minimizing losses (Rejda, 2008).

Complete the Case Application activity on p. 14 of the
text to identify the risk management techniques
appropriate for selected risks and loss exposures. For
each letter item, identify the risk management
technique you chose and your reason for selecting that
technique.
Rejda, G. E. (2008). Principles of risk management and
insurance (10th ed.). Boston, MA: Pearson Addison
Wesley.

Week-1-DQ-1-And-DQ-2
Week 1 DQ 1
Recall that pure risk is defined as a “situation in which
there are only the possibilities of loss or no loss,” and
speculative risk is described as a “situation in which
either profit or loss is possible” (Rejda, 2008, p. 6).
Based on what you know about these types of risk, why
do private insurers typically refuse to insure speculative
risks? How does the law of large numbers affect
speculative and pure risks? Discuss why personal,
property, and liability risks are pure risks and provide
examples in your response.

Week 1 DQ 2
Recall that insurance creates benefits and costs for
society. Review some of the benefits of insurance
outlined in Ch. 2 (pp. 28–29) of the text. Compare those
benefits with the costs of insurance described on the
Web site for the Coalition Against Insurance Fraud at
www.insurancefraud.org. Click on the Consumers button
followed by the Useful Link and then click on the Learn
About Fraud link. According to the Web site, how much
does insurance fraud cost Americans each year? How
are individuals and families impacted by
insurance fraud? Why should the benefits and costs of
insurance matter to you? In your opinion, do the
benefits outweigh the costs or do the costs outweigh the
benefits?

Week-2-Assignment-Risk-Management-Process
Assignment: Risk Management Process
· Resource: Ch. 3 (pp. 56 and 58) of Principles of Risk
Management and Insurance
· Complete the Case Application activity on p. 56 of the
text to apply the risk management process to a business
case.
· Complete Application Question 5 on p. 58 of the text to
apply the risk management process to a case of personal
risk.

· Post your response as an attachment.

Week-2-CheckPoint-Risk-Management-Objectives
CheckPoint: Risk Management Objectives
· Resource: Ch. 3 (p. 43) of Principles of Risk
· Recall that the purpose of risk management is to
identify and address loss exposures (Rejda, 2008). What
are the exact objectives that a risk management
professional should know about? Specify pre- and post-
loss objectives exist that describe the purposes of risk
management and guide risk management professionals
in their work.

· Write a 200- to 300-word response that describes, in
your own words, each of the three pre-loss and five post-
loss risk management objectives. Provide examples of
each objective in your response. Examples can be
fictional, but should serve to help you describe each
objective.

Week-3-CheckPoint-Underwriting-Claims-and-
Reinsurance-Appendix-B
CheckPoint: Underwriting, Claims, and Reinsurance
· Resources: Ch. 6 (pp. 109-118) of Principles of Risk
Management and Insurance and Appendix B on the
student Web site
· Read the scenario and questions in Appendix B.

· Answer questions from Appendix B in a 200- to 300-
word response.

Week 3 DQ 1
After reading the Demutualization Claims Clearinghouse
Frequently Asked Questions Web site, what is the
difference between stock and mutual insurance
companies? Why has the industry trend been to
demutualize insurance companies?
What is the difference between stock and
mutual insurance companies?
Week 3 DQ 2

The three main types of marketing systems are Life
Insurance, Property and Casualty Insurance, and Group
Insurance. Choose two main systems and describe one
or more characteristics of each system. Respond to one
of your classmate’s posts by introducing the third main
system, which your classmate did not already address.
For example, if your classmate described some
characteristics of Life and Group marketing systems,
you could reply by naming Property and Casualty
marketing systems. Include characteristics of that
system and describe how they are the same or different
from the two systems described by your classmate.

Week-4-Assignment-Interpreting-Insurance-Contracts-
Appendix-C
Assignment: Interpreting Insurance Contracts
· Resources: Appendixes A, B, C, & D in the back of
Principles of Risk Management and Insurance and
Appendix C on the student Web site
· Complete Appendix C.

Week-4-CheckPoint-Determining-Loss-Outcomes
CheckPoint: Determining Loss Outcomes
· Answer Application Questions 1, 2, 4, 5, & 6 on p. 190 of
the text.

Week-5-CheckPoint-Life-Insurance-Needs-Analysis-
Worksheet-Appendix-D
CheckPoint: Life Insurance Needs Analysis
· Complete the Life Insurance Needs Analysis Worksheet
in Appendix D.
· Post the completed Appendix D as an attachment.

In this discussion you will role-play the parts of a
prospective insured and of an independent insurance
broker in a question and answer session. In response to
this post, act as a prospective insured who is calling an
insurance broker to ask a question about any of the
following health insurance options:
o hospital-surgical insurance
o major medical insurance
o health savings accounts
o long-term care insurance
o disability-income insurance
Pose an initial question that asks about the basic
characteristics of the option, for example, “I’m thinking

about using a health savings account. What can you tell
me about them?”
Find a classmate’s post and, acting as the insurance
broker, provide an answer to his or her question.
Continue posing and answering questions until you have
learned about as many coverage options as possible.

Week-7-CheckPoint-Loss-Settlement-Payments
CheckPoint: Loss Settlement Payments
· Resource: Ch. 20 (pp. 457–458) of Principles of Risk
· Complete Application Questions 1 and 2 on p. 464 of
the text. For each question, explain how you reached
your answers.

Week 7 DQ 1
Review the coverage provided by Section 1 of the
Homeowners 3 policy on pp. 445–451 and Appendix A of
the text. Recall that Section 1 coverage include Coverage
A: Dwelling, Coverage B: Other structures, Coverage C:
Personal property, Coverage D: Loss of use, and
Additional coverage.
Choose two of Section 1 coverage and explain how they
are important. Provide examples of how a homeowner
could be personally affected if not insured for the
coverage you chose.

Comment on your classmates’ posts by describing
situations in which exclusions or limits may apply and
how the homeowner could be affected.
Week 7 DQ 2
What must an insurer and insured do following a loss to
a home covered by a homeowner’s policy? Discuss one
requirement of each party and describe why you think
each requirement is in place. How would each
requirement benefit each party?

Week-8-Assignment-Losses-Covered-Under-PAPs
Assignment: Losses Covered Under PAPs
· Complete Application Question 1 on pp. 516–517 and
Application Question 6 on p. 517 of the text. Be sure to
address items (A) through (M) of Application Question 1.
You are not required to show your calculations, so
provide only your final answers for each item.

http://www.uopassignments.com/FIS-250/FIS-250-Week-
8-CheckPoint-CheckPoint-PAP
CheckPoint: PAP
· Imagine you are a customer service representative at a
major auto insurance provider. You answered a phone
call from an insured who recently purchased an auto
policy. She received her policy in the mail, reviewed it,
and now has questions about her coverage. Her auto
policy is located in Appendix B of the text.
· Answer her questions by identifying the types and
locations of policy provisions in Appendix B, and by
describing the purpose of each of the provisions:
o I’m not clear about my liability coverage on the Ford

and Toyota. I don’t understand why they’re different
amounts ($100,000 each person, $300,000 each
accident, and $50,000 each accident). What does those
amounts mean? If I get into an accident, what does this
cover?
o If I cause an accident in which I get seriously injured
and have to pay related medical bills for, say, two years
to come, does my policy cover that?
o What if my car is struck by a hit-and-run driver? Will
the damages to my car be covered?
o We get windstorms where I live and I’ve heard of trees
falling on people’s cars and causing substantial damage.
Will my insurance cover an event like that?
o I’m a very private person. What if I was injured in an
accident and had to go to the doctor? Would I have to
share my medical records with you?
o My driving record is less than perfect. Not that I expect
this to happen, but can I continue coverage if my license
is revoked?

Week-9-Capstone-DQ
What types of careers did you find on the BLS Web
site? Which careers were of interest to you and
why? Were there any careers you would not consider?
What did you learn about a career that you had not
known?

Week-9-Final-Project-Playing-the-Professional
Final Project: Playing the Professional
· Read the instructions for the Playing the Professional
assignment in Appendix A. Also read the Risk Manager
scenario.
· Complete the Risk Manager outline by answering the
questions provided. Your response must be 350 to 750
words in length.
· Select a second job role from the two provided in
Appendix A and read the associated scenario.

· Complete the questions for the second job role
selected. Your response must be 350 to 750 words in
length.
· Format your response according to APA guidelines.

FIS 250 Entire Course NEW

Recommended

Recommended

More Related Content

Similar to FIS 250 Entire Course NEW

Similar to FIS 250 Entire Course NEW (20)

More from shyamuopten

More from shyamuopten (19)

Recently uploaded

Recently uploaded (20)

FIS 250 Entire Course NEW