LOMA

Course details

In this course, you learn the  LOMA terminology, tools and techniques required to pass the LOMA ® exam. You will receive a CD of material including the LOMA ® Guide and practice exam bank questions. You also receive the Campus Education LOMA ® attendance Certificate .

• LOMA 281 : Meeting Customer Needs with Insurance and Annuities.
• LOMA 291 : Improving the Bottom Line: Insurance Company Operations.

Are a special certificate, pension and insurance cover areas such as life insurance risk management, insurance and private companies and establishments, and follow the laws and regulations on all types of insurance.

Target Audience

• Seeking of knowledge and full understanding of the Insurance and Pensions.
• Employees working on the promotion in their jobs.
• Managers who want to learning and development

Program Objectives

Provides an understanding of the investment regulatory environment and investing for life insurance companies and similar institutions. You will learn about investment returns and risks, investment performance, and fund options for retirement products and other products with fund options.

Outlines

PART A – LOMA 281:

Principles of Insurance: Life, Health, and Annuities :

LOMA 281 is a certificate level course under the Fellow, Life Management Institute (FLMI) program. It introduces the principles of insurance, the process of becoming insured, and the policy owner’s contractual rights.

The course includes information on the features of individual and group life insurance, health insurance, and annuity products.

• The Life and Health Insurance Industry.
• Regulation of the Insurance Industry.
• Introduction to Risk and Insurance.
• Meeting Needs for Life Insurance.
• The Insurance Policy.
• Pricing Life Insurance.
• Individual Life Insurance Coverage’s and Supplementary Benefits.
• Policy Provisions and Policy Ownership Rights.
• Life Insurance Policy Beneficiaries.
• Paying Life Insurance Policy Proceeds.
• Principles of Group Insurance.
• Group Life Insurance.
• Annuities and Individual Retirement Products.
• Group Pension and Retirement Savings Plans.
• Medical Expense and Disability Income Coverage.
• Traditional Group and Individual Health Policies.
• Managed Care Plans.
• Regulation of Health Insurance.

PART B – LOMA 291:

Insurance Company Operations:

LOMA 291 describes the organization of insurance companies and the environment in which they operate, focusing on specific company operations such as marketing, actuarial, underwriting, and financial activities.

• Organization and Operations.
• Corporate Governance, Ethics, and Control.
• Legal and Compliance.
• Human Resources Management.
• Information and Technology.
• Financial Management.
• Accounting, Treasury Operations, and Auditing.
• Investment Management.
• Marketing.
• Product Development.
• Product Distribution.
• Underwriting.
• Claim and Annuity Benefit Administration.
• Customer Service.