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AIRC

Associate, Insurance Regulatory Compliance

Available in: English


Overview

Compliance is one of the most critical issues facing life and health insurers today. LOMA's Associate, Insurance Regulatory Compliance (AIRC) program will provide you with a comprehensive knowledge base of the complex issues surrounding state and federal regulation of the life and health insurance industry and products. The AIRC program will help you understand:

  • Compliance concepts, terms, processes, and regulatory requirements
  • How states and the federal government regulate insurance companies
  • What to expect during financial examinations and market conduct examinations
  • What kinds of filings states need on life insurance products, health insurance products, and annuities
  • When, how, and why federal securities laws apply to the sale of financial products
  • What specific regulations govern insurance, including life, health, pensions, annuities, credit insurance, and group products

Topics

  • Compliance and Legal
  • Life Insurance
  • Marketing and Business Acquisition
  • Operations and Administration

Courses

Learners must complete six required courses to earn the AIRC designation.

AIRC 411 — The Regulatory Environment for Life Insurance

AIRC 411 discusses the compliance function in a life insurance company and how the state and federal governments regulate life insurance companies operating in the United States.

AIRC 421 — Regulation of Life Insurance Products, Sales & Operations

AIRC 421 explains state and federal regulation of life insurance and annuity product design. The course also describes the regulation of life company operations, including underwriting, claims, reinsurance, market analysis and examinations.

LOMA 280 — Principles of Insurance

LOMA 280 introduces the principles of insurance, the process of becoming insured, and the policyowner’s contractual rights. The course includes information on the features of individual and group life insurance, health insurance, and annuity products.

LOMA 281 — Meeting Customer Needs with Insurance and Annuities

LOMA 281 is an online course that uses a variety of media to teach principles of insurance, insurance products, and the policyowner’s contractual rights. The course describes the features of individual and group life insurance and annuity products, and emphasizes how insurance companies serve customers and meet customer needs through the products they provide.

LOMA 286 — Principles of Financial Services and Products

The major categories of financial services — cash management, credit, asset protection, asset accumulation and management, and asset distribution — form the framework for LOMA 286, which surveys banking, insurance, and investment products.

LOMA 290 — Insurance Company Operations

LOMA 290 describes how life insurance companies operate in today’s global environment: how they are organized, how they are managed, and the roles of functional and support units in developing, distributing, issuing, and administering life insurance and annuity products.

LOMA 291 — Improving the Bottom Line: Insurance Company Operations

LOMA 291 is an online course that uses a variety of media to teach operations, functions, and product development basics unique to the insurance organization. In addition, the course will teach that (1) a company’s success depends on its operational efficiency and effectiveness and (2) every employee has a role in ensuring the company’s financial success.

LOMA 311 — Business Law for Financial Services Professionals

LOMA 311 presents the basic features and principles of the legal environment in which financial services companies around the world operate.

LOMA 320 — Insurance Marketing

LOMA 320 covers marketing principles and the functions of marketing as an integral aspect of the life and health insurance industry.

LOMA 321 — Marketing in Financial Services

LOMA 321 is an online interactive course that uses a variety of media to present basic marketing principles and to show how these principles are used in the financial services industry to satisfy customers’ financial needs and to create profitable customer relationships.

LOMA 326 — Financial Services Marketing

LOMA 326 covers basic marketing principles and the functions of marketing in a financial services environment.

Curriculum

Required AIRC courses
Learners must complete one course from each subject category
to earn the AIRC designation.
PrinciplesInsurance OperationsLawMarketingCompliance 1Compliance 2
LOMA 280
or
LOMA 281
or
LOMA 286
LOMA 290
or
LOMA 291
LOMA 311LOMA 320
or
LOMA 321
or
LOMA 326
AIRC 411AIRC 421
Retirement Essentials: LOMA awards a personalized certificate to learners upon successful completion of AIRC 411 and AIRC 421.

Course Credit Notes

Learners who have credit for the discontinued courses below automatically receive AIRC credit as shown.

Discontinued courseAIRC credit
LOMA 310 or LOMA 315LOMA 311
AIRC 410AIRC 411
AIRC 420AIRC 421
  • LOMA 286 will be offered only through the end of 2014.
  • LOMA 326 will be offered only thorugh the end of 2015.

See the video

RC Essentials Promo screen

Try the interactive demo
for AIRC 411 and 421!

    Compliance Events