This course will begin with a look at the legal and regulatory environment (federal and state) governing the insurance industry and how insurance companies organize themselves to operate within that environment. It will address how insurance companies and other industry participants comply with state licensing and financial solvency rules as well as state market conduct rules (including rate setting and policy forms). It will also examine what happens when an insurance company becomes financially distressed or insolvent and how unlicensed persons and entities involved in aspects of the insurance industry comply with state insurance rules. Special attention will be paid to recent federal and state developments regarding healthcare insurance. The course will also briefly cover developments in international insurance regulation as they affect U.S. insurers, and the regulation of cyber technology such as computer modeling and blockchain in insurance operations.

Note that this information may change at any time. Please visit the MyBU Student Portal for the most up-to-date course information.