Minor in Insurance
The Minor in Insurance is designed for both business and non-business students to prepare them with the academic and professional levels of education needed to advise on insurance without having to take all of the core business school requisites. The program is available to all students except BSBA students pursuing the Insurance Specialization.
Upon completion of the program requirements, students will gain exposure to more than 30 different career paths including Accountant, Benefits Specialist, Claims Adjuster, Claims Representative, Fraud Examiner, Insurance Agent, Loss Prevention Manager, Pricing Analyst, Risk Manager, and Underwriter. (Click Insurance Career Opportunities for description of each career path.)
Insurance is a discipline dealing with all aspects of the Insurance industry. Minor in Insurance students take courses in Insurance Careers, Life and Health Insurance, Property and Liability Insurance, and Insurance Company and Agency Operations. They also select 1 elective (for non-business students) or 2 electives (for business students) from a list of Insurance and Finance courses. In sum, the Minor in Insurance requires 19 credit hours for non-business students and 22 credit hours for business students.
One of the following (3 credits)
ACCT 2000 Accounting Concepts for Non-business Students
ACCT 2210 Accounting and Business Concepts I
- INS 2100 (1 credit) Introduction to Insurance and Insurance Careers
- FIN 3000 (3 credits) Business Finance
Required: 3 courses (9 credits)
INS 3220 (4220) (3 credits) Life and Health Insurance
INS 3230 (4230) (3 credits) Property and Liability Insurance
INS 3200 (4240) (3 credits) Insurance Company and Agency Operations
Electives: choose one course (3 credits) for non-business
students or two courses (6 credits) for business students from the following:
FIN 4130 (3 credits) Personal Financial Planning
FIN 4140 (3 credits) Retirement and Employee Benefit Planning
FIN 4210 (3 credits) Risk Management and Insurance
INS 3250 (4250) (3 credits) Insurance Law
- All courses in the Minor in Insurance must be taken for a letter grade.
- INS 2100 can be taken in sophomore year.
- A grade of C or better in FIN 3000 is required to take any FIN and INS 3000- and 4000-level Finance courses except and INS 3220 & INS 3230.
- Substitute courses must be approved by the Department.
- ECON 2000 and ACCT 2000 cannot be counted toward BSBA degree.
All students must complete at least 15 credit hours toward the minor that are not counted in the student's major or specialization or another minor. Substitute courses must be approved by the Department.
For non-business students, the total number of hours earned in the College of Business Administration courses may not exceed 25 percent or 30 hours of the 122 minimum hours needed for graduation, counting the major and minor (six hours of STAT and nine hours of ECON are exempt from this limitation).
- Industry-driven program with strong support from the State of Ohio’s Governor’s office and the Ohio insurance industry (Insuring Ohio Futures.com)
- Addressing the impending shortage of qualified insurance workers in the Ohio Insurance industry
- More than 30 different career options in the insurance industry
- The Institute of Insurance & Risk Management (IIRM) to effectively promote partnerships with the insurance industry.
- The Insurance Advisory Board comprised of insurance professionals to advise on program
- The insurance student organizations such as Gamma Iota Sigma Chapter at BGSU
To declare the Minor in Insurance, visit your college office (the college which houses your major).