Certificate in Risk Management & Insurance
What is the Certificate in Risk Management & Insurance?
The Risk Management and Insurance (“RMI”) certificate is an undergraduate-level, fifteen credit hour certificate program. The RMI certificate program was specifically designed for those working in or desiring to work in risk management, insurance, or financial services careers.
Can courses translate into credit towards a professional designation?
The National Alliance for Insurance Education & Research has agreed to allow students who successfully complete the RMI 350 course (Managing Risk with Property & Liability Insurance) to receive automatic credit for one of the five components of their Certified Risk Managers (“CRM”) designation. Because the National Alliance has a “CRM for CIC” program already in place, credit for the RMI 350 course will at the same time satisfy one of the five parts of the Certified Insurance Counselors (“CIC”) designation.
The National Alliance does not require students to be enrolled in the RMI degree program or the RMI certificate program to benefit from this relationship. Indeed, those already holding the CRM designation can satisfy the full year’s annual update requirement by successfully completing RMI 350.
Admission Requirements
Admission to the RMI certificate program requires the completion of a certificate application form and payment of the application fee. Admission 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.
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.
Non-matriculated students enrolled in this certificate program will not be eligible for financial aid.
Application Procedure
Download an application here. Admissions is rolling; however the recommended application deadlines August 15th for the fall semester and January 1st for the spring semester.
For more information regarding the RMI Certificate Program contact:
Professor Dana Kerr
(207) 780.4059 - dkerr@usm.maine.edu
Courses & Requirements
The program consists of three required RMI courses and two business elective courses, as follows:
Required RMI courses (9 credit hours):
- RMI 320 Introduction to Risk Management and Insurance (3 cr)
- RMI 330 Health, Life, and Disability Insurance (3 cr)
- RMI 350 Managing Risk with Property and Liability Insurance (3 cr)
Business elective courses (chose any TWO for a total of 6 credit hours)*:
- ACC 110 Financial Accounting Information for Decision Making (3 cr)
- BUS 190 Personal Finance (3 cr)
- BUS 200 Introduction to Business (3 cr)
- BUS 260 Marketing (3 cr; prerequisite: 24 earned credit hours)
- BUS 280 Legal Environment of Business (3 cr)
- BUS 340 Managing Organizational Behavior (3 cr; prerequisite: 54 earned credit hours)
* Pre-approved alternatives to courses on this list may also be used as electives.The certificate program courses include sections offered in the late afternoon or evening every semester.
Certificate courses must be completed within four years with an average GPA across the five courses of 2.33 or higher. Students may apply earned certificate course credit towards an undergraduate USM degree where appropriate.
Previous course work earned within the past 10 years from regionally accredited colleges and universities may be submitted for consideration toward the non-RMI business elective courses. Transfer credit is not considered toward the required RMI courses.
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