IRR 520. PROPERTY INSURANCE. Coverages, policy provisions, and concepts in property insurance including fire, homeowners, commercial property, as well as other Special Multi-Peril contracts. Prerequisite: IRR 300. (3 hours credit)
IRR 521. LIABILITY INSURANCE. Coverages, policy provisions, and concepts in liability insurance including commercial and personal liability, workers compensation, and other liability contracts. Prerequisite: IRR 300. (3 hours credit)
IRR 540. LIFE AND HEALTH INSURANCE. Individual life and health insurance contracts. Life insurance programming; types of insurers, investments, financial statements, risk selection, taxation and regulation of companies. Prerequisite: IRR 300. (3 hours credit)
IRR 551. REAL ESTATE BROKERAGE. Functions of the real estate broker, employment and sales management problems; residential sales; advertising; real property management; loan closings and real property development. Prerequisite: IRR 350. (3 hours credit)
IRR 552. REAL ESTATE FINANCE. Instruments of real estate finance, characteristic legal problems created by their use; analytical factors involved in the financing and the investment decision-making process of lending institutions as sources of funds, along with the expanding role of government. Prerequisite: IRR 350. (3 hours credit)
IRR 553. REAL ESTATE APPRAISAL. Concepts of value of real estate and its appraisal to include nature and purpose of appraisals; valuations of neighborhoods, sites, and improvements; and the application of cost, income and market approaches to value. Prerequisite: IRR 350. (3 hours credit)
IRR 554. REAL ESTATE LAW. Principles of legal practice related to ownership and transfer of real property, including drafting of deeds and various contracts. Prerequisite: IRR 350. (3 hours credit)
IRR 622. RISK MANAGEMENT. A study of utility functions to ascertain an individual’s tolerance to risk and how the individual decisions might impact the firm; including analysis of catastrophic risk futures as issued by the CBOT and their function and efficiency in managing catastrophic losses faced by the insurance industry. (3 hours credit)