Risk Management and Insurance Minor

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The Risk Management and Insurance minor (15 credits) prepares students for careers in the insurance industry, including jobs as underwriters, claims professionals, insurance agents and brokers, and work in allied fields such as banking and personal financial planning. Students learn a blend of theoretical and practical concepts and apply this knowledge to risk management and insurance. The program develops analytical and critical thinking skills that will aid students throughout their careers.

Students who wish to pursue the minor must complete a minor declaration form available online at the Registration & Scheduling Services MyUSM (login required - UMS credentials).

The requirements for admission to the minor are completion of at least 12 credits at USM with a grade point average of 2.33 or higher.

School of Business majors may count up to two specified (see minor requirements) Business Core courses (6 credits) in both the Business Core and a Business minor. The remaining minor courses (9 credits) cannot double count in the minor and the Business major courses or between two Business minors. School of Business majors are allowed to declare more than one business minor.

Non School of Business students can only have one Business minor.

Program Requirements

The Risk Management and Insurance minor is 15 credits. A student may transfer into the Risk Management and Insurance minor up to six credit hours of acceptable courses. To complete the minor, students must earn at least a C- in 100/200 classes within the minor and at least a C in the 300/400 classes within the minor. Students are required to complete any prerequisites for the classes in the minor unless waived by the instructor.

Required classes (9 credits):

RMI 320 - Introduction to Risk Management and Insurance Credits: 3 (min. C)
RMI 330 - Health, Life, and Disability Insurance Credits: 3 (min. C)
RMI 350 - Corporate Risk Management and Insurance Credits: 3 (min. C)

Plus choose two courses (6 credits) from the following list:

ACC 110 - Financial Accounting Information for Decision Making Credits: 3 (min. C-)
ACC 418 - Principles of Fraud Examination Credits: 3 (min. C)
BUS 280 - Legal Environment of Business Credits: 3 (min. C-)
BUS 340 - Managing Organizational Behavior Credits: 3 (min. C)
BUS 347 - Triple-Bottom-Line Business Credits: 3 (min. C)
CRM 216 - White-Collar Crime Credits: 3 (min. C-)
CMS 255 - Business and Professional Communication Credits: 3 (min. C-)
FIN 201 - Personal Finance Credits: 3 (min. C-)
HON 299 - Honors Topics Credits: 3
(Topic: Intro. to Regulatory Compliance: Applying Scissors to Red Tape) (min. C-)
ITC 100 - Introduction to Construction Management (min. C-)
ITP 210 - Technical Writing Credits: 3 (min. C-)
ITP 310 - Facility Planning Credits: 3 (min. C)
ITP 350 - Leadership, Teambuilding, and Facilitation Credits: 3 (min. C)
ITP 381 - Human Resource Development Credits: 3 (min. C)
ITP 320 - Workplace Safety and Health Management Systems Credits: 3 (min C)
ITS 300 - Ergonomics/Time Study (min. C)
ITT 241 - Technical Communications Credits: 3 (min C-)
LOS 300 - Organizational Theory Credits: 3 (min. C)
LOS 301 - Group Dynamics Credits: 3 (min. C)
LOS 350 - Leadership Credits: 3 (min. C)
POS 360 - Terrorism and the American Public Credits: 3 (min. C)
PSY 340 - Behavior Modification (min. C)
SBS 362 - Understanding Regulation: Applying Scissors to Red Tape Credits: 3 (min. C) or
LOS 599 - Understanding Regulation: Applying to Scissors to Red Tape (min. C) or
RMI 295 - Internship in Risk Management and Insurance Credits: Variable credit, 1-3 credits, 47 internship hours/credit hour (MUST be taken as THREE credits)
OR
RMI 395 - Internship I Credits: 3
SWO 375 - Gender and Aging Credits: 3 (min. C)
TAH 221 - Hospitality Management Credits: 3 (min. C-)
TAH 321 - Lodging Operations & Systems Credits: 3 (min. C)

Recommended Course Sequence

Courses may be taken in any order provided individual course prerequisites are satisfied.