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Undergraduate Degree Programs

Penn State University Park

Insurance (INS) - Archive

ARCHIVED FILE
Begin Date: Fall Semester 1995
End Date: Fall Semester 2002 (Program dropped effective Spring Semester 2003)

Insurance (INS) - Archive

University Park, The Smeal College of Business Administration

PROFESSOR KENNETH M. LUSHT, Chair of the Department of Insurance and Real Estate

The insurance major helps prepare students for careers in actuarial science, corporate risk management, and professional areas within insurance organizations. Actuarial science courses stress the application of mathematical and statistical concepts to the measurement of life contingencies. Students completing the actuarial course sequence are prepared to begin the series of professional examinations leading to the F.S.A. designation (Fellow in the Society of Actuaries). Corporate risk management and insurance students study the management of insurable risks within the firm; the regulatory, legal, and financial aspects of the insurance technique; the management of insurance organizations and employee benefit programs. Students also may study the principles underlying complex insurance contracts and their application in personal estate and financial planning.

Students are encouraged to take upper-level courses in finance, marketing, or other areas of business directly related to their professional interests. Insurance students typically find positions in insurance underwriting, claims management, sales, or the risk management departments of corporations. Actuarial science students find employment in the actuarial divisions of insurance companies, consulting firms, and units of government.

For the B.S. degree in Insurance, a minimum of 128 credits is required (at least 15 credits must be taken at the 400 level).

TO VIEW THE Insurance Minor (INS)

Scheduling Recommendation by Semester Standing given like (Sem: 1-2)

GENERAL EDUCATION: 45 credits
(12 of these 45 credits are included in the REQUIREMENTS FOR THE MAJOR)
(See description of General Education in front of Bulletin.)

FIRST-YEAR SEMINAR:
(Included in ELECTIVES or GENERAL EDUCATION course selection)

INTERCULTURAL AND INTERNATIONAL COMPETENCE:
(Included in ELECTIVES or GENERAL EDUCATION course selection)

WRITING ACROSS THE CURRICULUM:
(Included in REQUIREMENTS FOR THE MAJOR)

ELECTIVES: 4-16 credits

REQUIREMENTS FOR THE MAJOR: 79-91 credits
(This includes 12 credits of General Education courses: 3 credits of GWS courses; 3 credits of GS courses; and 6 credits of GQ courses.)

PRESCRIBED COURSES (54 credits)
CMPSC 203 GQ(4), ECON 002 GS(3), ECON 004 GS(3) (Sem: 1-4)
ACCTG 211(4), B A 243(4), M I S 204(2), MS&IS 200(4) (Sem: 3-4)
B A 301(3), B A 302(3), B A 303(3), B A 304(3), ENGL 202D GWS(3), INS 301(3)[1], INS 310W(3)[1], INS 320(3)[1], INS 401(3)[1], INS 405(3)[1] (Sem: 5-8)

ADDITIONAL COURSES (19 credits)
(Must include at least 3 credits at the 400 level.)
MATH 110 GQ(4) or MATH 140 GQ(4) (Sem: 1-2)
Select 9 credits, in consultation with adviser, from ECON 302 GS(3), ECON 304 GS(3), ECON 323 GS(3), FIN 306W(3), FIN 408(3), INS 305(3), INS 400(3), INS 410(3), INS 411(3), INS 412(3), MKTG 428(3), R EST 306(3), R EST 409(3), or other business courses (Sem: 5-8)
Select 6 credits, in consultation with adviser, from ECON 342 GS(3), ECON 351(3), ECON 370 GS(3), H P A 101(3), I E 425(3), MATH(STAT) 414(3), MATH(STAT) 415(3), MATH(STAT) 416(3), MATH 484(3), PHIL 106 GH(3), SPCOM 301(3), SPCOM 313(3), STAT 460(3), or other courses approved by adviser (Sem: 5-8)

SUPPORTING COURSES AND RELATED AREAS (6-18 credits)
[Students may apply 6 credits of ROTC.]
Attainment of third level proficiency in a single foreign language (0-12). Proficiency must be demonstrated by either examination or course work. See the admission section of the general information in this bulletin for the placement policy for Penn State foreign language courses. (Sem: 1-4)
Select 6 credits of international courses related to the foreign language areas (see department list) (Sem: 5-8)

[1] A student enrolled in this major must receive a grade of C or better, as specified in Senate Policy 82-44.

Last Revised by the Department: Fall Semester 1995
Blue Sheet #: 23-05-047
Review Date: 11/01

Dropped by the Department: Fall Semester 2002
Blue Sheet #: 31-04-019
Review Date: 1/14/03

BA

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