Key words
Introduction to Insurance (Insurance Law and Techniques of Insurance), S137, S190 Corporate Policy
Objectives
Section Insurance Law:- Getting an understanding of insurance law, in particular land insurance agreement law.
- Offering students a strong basis, introduction as to be able to treat the different branches of insurance in more detail in the following years.
- Judicial aspects are dealt with.
- Emphasis is put on insight, not on reproduction.
- Analysing, interpreting and applying texts of law.
- Teaching of basic principles of deontology.
Section Insurance Techniques:- Students get an understanding of the technical organization of an insurance company and are taught how the insurer can come to an equilibrium through a correctly calculated premium.
- On the one side students can compute the risk premium, on the other hand they can compare it to the cost of claims so as to be able to apply the principle of equilibrium.
- Finally, students acquire the necessary competencies in relation to the formation of technical reserves.
Topics
Section Insurance Law:
LAND INSURANCE AGREEMENT LAW- Rules common to all sorts of insurance agreements: realization of the agreement, evidence, ending of insurance agreements, commitment of the insurance subscriber and insurer.
- Rules typical of the different types of insurance: indemnity insurance (business- and liability insurance), personal insurances.
Section Insurance Techniques:
Through a brief introduction, students get a thematic clarification of the administrative, commercial and technical aspects of an insurance company. Also the judicial aspects concerning an institution of insurance and the intermediary of the insurance are clarified.
The technical functioning of the insurance is explained thematically in four chapters:- Evaluation and acceptance of risks.
- Neutralization and compensation of risks, including co-insurance and re-insurance.
- Calculation of the premiums.
- Technical activities: reserves and intermediary activities.
Prerequisites
No specific prerequisites required.
Final Objectives
Knowledge: - Knowledge of the basic principles of civil and commercial law
- Knowledge of the specific law and regulations concerning financial and insurance products
- Knowledge of the technical terminology
- Knowledge of judicial and financial documents
- Knowledge of the professional associations and organizations
- Keeping abreast of topical matters and deontology concerning the profession
Skills: - Following legislation concerning finance and insurance and check whether it is correct, complete and up-to-date
- Converting formal texts of law to ready-to-use information
Attitudes: - Following the evolution of law and regulations
Materials used
Syllabus, handbook.
Study costs
Price per copy (syllabus) determined under Hogeschool rules and/or current market price (handbook)
Study guidance
The lecturer answers individual questions of students.
Teaching Methods
Lectures emphasizing interaction between lecturer and students.
Assessment
Final judgement:- Section Insurance Techniques: 50% of final judgement
- Section Insurance Law: 50% of final judgement
First exam session:- Section Insurance Techniques: 100 % written exam
- Section Insurance Law: 100 % written exam
Second exam session:- Section Insurance Techniques: 100 % written exam
- Section Insurance Law: 100 % written exam
Students only enrolled for taking the exams:
First and second exam session:- Section Insurance Techniques: 100 % written exam
- Section Insurance Law: 100 % written exam
Students who have not passed in the first exam session, but got a score of at least 10 on 20 for one of the parts, are not obliged to redo this part in the second exam session of the same year. They, however, have to take the exam on the parts where they had less than 10 on 20, if they do not do this they are listed as being absent for the whole course.
Lecturer(s)
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