301339 (v.3) Finance (Risk and Insurance) 509

Area:

School of Economics and Finance

Credits:

25.0

Contact Hours:

3.0

Lecture:

1 x 2 Hours Weekly

Tutorial:

1 x 1 Hours Weekly

Prerequisite(s):

5934 (v.4) Legal Environment 560 or any previous version

Syllabus:

Examination of the insurance industry, compliance issues and professional conduct, - insurance policy law, life insurance, consumer protection, other types of personal risk insurance, general (non-life) insurance and legislated compulsory insurance.

Unit Outcomes:

On completion of this unit students will have- Outlined the different forms of risk an individual may face, and those forms that can be managed through insurance planning. Described the five steps involved in risk management. Understood the regulatoryframework governing the insurance industry. Identified, analysed and evaluated the personal and family risk and explain the rationale. Outlined and differentiated the features of the various types of insurance products, both personal and general insurance. Developed and implemented strategies, and, explained the review process, claims and handling disputes.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

Farmer, J., (1998), Roadmap to Life Insurance Products, Sydney , CCH Australia Ltd. Mann, P., (2001), Annotated Insurance Contracts Acts, Sydney, Lawbook Company. Diploma in Financial Planning 2 (Risk Management and Insurance). (2002), Study Guide (Financial Planning Association), Geelong, DeakinPrime.

Unit Texts:

Vaughan, E.J. and Vaughan, T., (1999), Fundamentals of Risk and Insurance, New York, Wiley.

Unit Assessment Breakdown:

Assignments (2) 20% and 10%, Final Examination 70%. This is by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 1	Y