This course will introduce you to the basic principles of insurance, including the
concept of risk, the different types of risk, and techniques in managing risk. It will
introduce you to several basic elements and terms used in the insurance
industry.

The course will focus on explaining the insurance contract by introducing and
reviewing its various parts, including: the elements, characteristics, and parts of a
contract, as well as various policy organizations.

It will also lesson focus on the insurance transaction. The transaction includes
such things as the application process, how the policy is selected, underwritten,
and rated. This section will also review some of the legal requirements of
applicants and the insurance company, with respect to the insurance transaction.