FIS 250 Academic Success/snaptutorial

FIS 250 Capstone Discussion Question
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Capstone Discussion Question Due by Day 2 Tuesday in the Main

Forum
Resource: U.S. Bureau of Labor Statistics (BLS) Web site

Post your response to the following: Review the BLS Web site at
http://stats.bls.gov/ to explore career possibilities that interest you:
From the BLS Home Page, find the Publications menu in the righthand column and click on the Occupational Outlook Handbook link.
FIS 240 Entire Course

FIS 250 Week 1 Check Point: Risk Management Methods

FIS 250 Week 1 DQs part 1 of 2
FIS 250 Week 2 Assignment: Risk Management Process
FIS 250 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.
FIS 250 Week 1 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.

Discussion Questions Due on Day 2 Tuesday and Day 4 Thursday in the Main Forum
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?

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.
FIS 250 Week 2 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.
FIS 250 Week 2 CheckPoint Risk

Management Objectives

Resource: Ch. 3 (p. 43) of Principles of Risk Management and Insurance
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
FIS 250 Week 3 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.

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?
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,

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?
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,
FIS 250 Week 4 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.
Due by Day 7 Sunday in Your Individual Forum
FIS 250 Week 4 CheckPoint Determining

Loss Outcomes

Answer Application Questions 1, 2, 4, 5, & 6 on p. 190 of the text.

Due by Day 6 Saturday in Your Individual Forum
FIS 250 Week 5 CheckPoint Life

Insurance Needs Analysis

Complete the Life Insurance Needs Analysis Worksheet in Appendix D.

Post the completed Appendix D as an attachment.

Why would a person buy term life insurance? What would cause that person to buy
whole life insurance instead of term life insurance? Which type of insurance have you
bought or would buy and why?
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

Why would a person buy term life insurance? What would cause that person to buy
whole life insurance instead of term life insurance? Which type of insurance have you
bought or would buy and why?
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
FIS 250 Week 6 Assignment Group

Medical Expense Plans

Assignment: Group Medical Expense Plans

Complete the Group Medical Expense Plans graphic organizer in Appendix E.
Post the completed Appendix E as an attachment.
FIS 250 Week 6 CheckPoint Group and

Group Life Insurance

Checkpoints: Group and Group Life Insurance
Complete the Group and Group Life Insurance Multimedia located on the student Web
site.
Copy and paste your passing score from the completion screen into a new post.
Note: Students must receive a passing score to gain credit.
FIS 250 Week 7 CheckPoint Loss

Settlement Payments

Checkpoints: Loss Settlement Payments
Resource: Ch. 20 (pp. 457458) of Principles of Risk Management and Insurance

Complete Application Questions 1 and 2 on p. 464 of the text. For each question,
explain how you reached your answers.

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

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.
FIS 250 Week 8 Assignment Losses

Covered Under PAPs

Complete Application Question 1 on pp. 516517 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.

FIS 250 Week 8 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:

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FIS 250 Capstone Discussion Question

For more classes visit

Capstone Discussion Question Due by Day 2 Tuesday in the Main

Resource: U.S. Bureau of Labor Statistics (BLS) Web site

FIS 240 Entire Course

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FIS 250 Week 1 Check Point: Risk Management Methods

FIS 250 Week 2 Assignment: Risk Management Process

FIS 250 Final Project Playing the

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FIS 250 Week 1 CheckPoint Risk

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FIS 250 Week 1 DQs part 1 of 2

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FIS 250 Week 1 DQs part 2 of 2

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FIS 250 Week 2 Assignment Risk

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FIS 250 Week 2 CheckPoint Risk

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Resource: Ch. 3 (p. 43) of Principles of Risk Management and Insurance

FIS 250 Week 3 CheckPoint Underwriting,

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Read the scenario and questions in Appendix B.

FIS 250 Week 3 DQs part 1 of 2

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After reading the Demutualization Claims Clearinghouse Frequently Asked Questions

FIS 250 Week 3 DQs part 2 of 2

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After reading the Demutualization Claims Clearinghouse Frequently Asked Questions

FIS 250 Week 4 Assignment Interpreting

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Resources: Appendixes A, B, C, & D in the back of Principles of Risk Management

FIS 250 Week 4 CheckPoint Determining

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Answer Application Questions 1, 2, 4, 5, & 6 on p. 190 of the text.

FIS 250 Week 5 CheckPoint Life

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Complete the Life Insurance Needs Analysis Worksheet in Appendix D.

FIS 250 Week 5 DQs part 1 of 2

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FIS 250 Week 5 DQs part 2 of 2

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FIS 250 Week 6 Assignment Group

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Assignment: Group Medical Expense Plans

FIS 250 Week 6 CheckPoint Group and

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Checkpoints: Group and Group Life Insurance

FIS 250 Week 7 CheckPoint Loss

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Checkpoints: Loss Settlement Payments

Resource: Ch. 20 (pp. 457458) of Principles of Risk Management and Insurance

FIS 250 Week 7 DQs part 1 of 2

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FIS 250 Week 7 DQs part 2 of 2

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FIS 250 Week 8 Assignment Losses

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Complete Application Question 1 on pp. 516517 and Application Question 6 on p.

Post your response as an attachment.

FIS 250 Week 8 CheckPoint PAP

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Imagine you are a customer service representative at a major auto insurance