Risk Management and Insurance Certificate

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The certificate program in Risk Management and Insurance (RMI) is a way for individuals already working in risk management, insurance, and financial services to develop a deeper understanding of the business in which they work without the larger and protracted experience of seeking a complete (or in some cases second) undergraduate degree. The RMI certificate is only available to non-matriculated students.

Can the courses translate into credit towards a professional designation?

The RMI 350 course (Corporate Risk Management and Insurance) qualifies as credit towards two different, highly respected risk management and insurance professional designations.

CRM (Certified Risk Manager): The National Alliance for Insurance Education & Research awards the CRM designation to risk professionals after completion of five components (see https://www.scic.com/crm). If you earn a C or better in this course you can earn credit for the “Financing of Risk” component of the CRM designation at absolutely no cost to you.
CPCU (Chartered Property & Casualty Underwriter): The Institutes awards many different risk management and insurance professional designations, with the CPCU designation being one of the most recognized designations in the industry. It requires the completion of eight national exams (see https://www.theinstitutes.org/program/chartered-property-casualty-underwriter-cpcu#programreqs). The CPCU Collegiate Studies program (see https://www.theinstitutes.org/e_campaigns/collegiatestudiescpcu.php) allows students at qualifying universities to earn credit towards the CPCU designation by earning at least a B or better in a qualified course. RMI 350 is a qualifying course, satisfying the CPCU 557 - Survey of Commercial Insurance component.

All of the RMI course are approved for continuing education credits for the Maine state insurance agents license through the Maine Bureau of Insurance.

For more information regarding the RMI Certificate Program contact:
Professor Dana Kerr
(207) 780-4059 - dana.kerr@maine.edu

Program Requirements

Admission to the RMI certificate program is open to those who have completed 54 credit hours with a GPA of 2.33 or higher. Those who have a minimum of three years of risk management, insurance, or other financial services work experience and a high school diploma, or GED may also apply.

The RMI certificate is only available to non-matriculated students.

The RMI certificate program is a 15-hour program consisting of two required core courses and three elective courses. There is no particular order in which either core or elective courses must be taken as long as individual course prerequisites are satisfied.

Required Core Courses (6 credit hours):

RMI 320 - Introduction to Risk Management and Insurance Credits: 3
RMI 330 - Health, Life, and Disability Insurance Credits: 3
or
RMI 350 - Corporate Risk Management and Insurance Credits: 3

Elective Courses (9 credit hours)

Choose any three courses from the following list (with permission, other risk-related courses can satisfy elective requirements):

RMI 330 - Health, Life, and Disability Insurance Credits: 3
or
RMI 350 - Corporate Risk Management and Insurance Credits: 3 (if not chosen as a required course above)
ACC 418 - Principles of Fraud Examination Credits: 3
BUS 280 - Legal Environment of Business Credits: 3
BUS 340 - Managing Organizational Behavior Credits: 3
BUS 347 - Triple-Bottom-Line Business Credits: 3
CMS 255 - Business and Professional Communication Credits: 3
CRM 216 - White-Collar Crime Credits: 3
FIN 201 - Personal Finance Credits: 3
ITC 100 Introduction to Construction Management
ITP 210 - Technical Writing Credits: 3
ITP 310 - Facility Planning Credits: 3
ITP 350 - Leadership, Teambuilding, and Facilitation Credits: 3
ITP 381 - Human Resource Development Credits: 3
ITS 300 Ergonomics/Time Study
ITP 320 - Workplace Safety and Health Management Systems Credits: 3
ITT 241 - Technical Communications Credits: 3
LOS 300 - Organizational Theory Credits: 3 *
LOS 301 - Group Dynamics Credits: 3 *
LOS 350 - Leadership Credits: 3 *
POS 360 - Terrorism and the American Public Credits: 3
PSY 340 Behavior Modification
SBS 362 - Understanding Regulation: Applying Scissors to Red Tape Credits: 3 or
LOS 599 - Understanding Regulation: Applying Scissors to Red Tape or
HON 299 - Honors Topics Credits: 3
(Topic: Understanding Regulation: Applying Scissors to Red Tape)
SWO 375 - Gender and Aging Credits: 3
TAH 221 - Hospitality Management Credits: 3
TAH 321 - Lodging Operations & Systems Credits: 3
RMI 295 - Internship in Risk Management and Insurance Credits: Variable credit, 1-3 credits, 47 internship hours/credit hour (must be 3 credits)
OR
RMI 395 - Internship I Credits: 3

Additional Information

* Completing LCC 370 Toward a Global Ethics in addition to LOS 300, 301, and 350 (all offered online) may allow the student to also earn the Certificate in Leadership Studies.

Enrollment in specific courses is based on eligibility criteria and availability of space in the courses. Enrollment in some highly demanded courses may be restricted or prohibited in any given semester. Admission into the certificate program does not guarantee admission into any other USM program or enrollment in any specific course.

Students must complete the required 15 credit hours within four years after the application date and must earn a minimum 2.33 cumulative GPA to obtain the certificate. Students may be able to apply earned certificate course credit towards an undergraduate business degree at USM provided they earn a minimum 2.33 GPA in the certificate program courses.

Related courses previously taken in associate or baccalaureate degree programs at regionally accredited colleges and universities in which a minimum grade of C+ was earned may be applied towards the non-RMI elective courses of the proposed certificate program. Transfer credit will not be permitted for the RMI core courses. Non-matriculated students enrolled in this certificate program are not eligible for financial aid.