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Outline: What RMI 2101 is about ? Textbook required for the course Prerequisites Tips to pass RMI 2101 Conclusion introduction to the basic concepts in Risk Management 2
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RMI 2101 The course is divided into two distinct segments: Part I: help familiarize students with the basic aspects of risk and risk management as they apply to both firms and individuals. Part II: gives students an overview of the characteristics of insurance. 3
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Textbook required RISK MGMT&INS >CUSTOM< W/ACCESS HARDCVR (Used if available $99.15 / New $132.20) RISK MGMT&INS >CUSTOM< W/ACCESS HARDCVR Author: REJDA edition: 3RDCUST Publisher: PEARSON C ISBN: 9781256365440 RMI2101 BULK PACK F11-B12 (Used if available $43.00 / New $57.35) RMI2101 BULK PACK F11-B12 Author: COPY CENTER edition: F11B12 Publisher: CAMPUS C C ISBN: 2818280250477 N.B: required textbooks and Prices are subject to change so refer to your syllabus and Temple Bookstore 4
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Prerequisites According to the on-line course catalogue, the following is a list of courses the student should have had or should be currently taking: Sophomore standing, Econ 1101 or 1102, Stat.1001 or equivalent 5
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Want to pass RMI 2101??? Make sure to do the following: Read the syllabus carefully Do the assigned reading prior to class Read your notes after class while the material is still fresh in your head Read Carefully the articles in the Bulk Pack Take advantage of the resources available to you if you are having difficulties understanding the material Professor’s office hours TA(s)’s office hours Be always prepared for class because you might have Unannounced quizzes 6
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Conclusion Familiarize yourself with the following terminology: Peril: it is a cause of loss Hazard: any condition that increases either the frequency ( likelihood) or/and severity ( impact) of a loss. There are four types of hazards: Physical Moral Morale ( attitudinal) Legal Loss exposure : “Any condition or situation that presents a possibility of loss, regardless of whether loss actually occurs.” And the four risk areas are : Property Liability Income Personnel Good Luck! 7
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