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LOMA
and Singapore College of Insurance Partner to Increase Industry Professionalism
ATLANTA, GEORGIA,
UNITED STATES—March 25, 2004—LOMA
and the Singapore
College of Insurance (SCI) have signed a memorandum of understanding
establishing a collaborative relationship to advance professionalism in
the insurance and financial services industry throughout Singapore and
the Asia Pacific region.
"It’s important for organizations like LOMA and the SCI to work
together on initiatives that will contribute to the strength of the
industry as a whole," stated Joel V. Basarich, Ph.D., FLMI, ACS,
managing director of LOMA’s International Division. "LOMA’s
partnership with the
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SCI will provide industry professionals with
greater access to employee development programs and resources including
research reports, benchmarking studies, and conferences to improve and
streamline company operations."
In
accordance with the understanding, the SCI’s Basics of
Law and
Taxation Affecting Life Insurance and Policy Administration |
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SCI's Senior Asst.
Director, Jennifer Tan, with Basarich |
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Transaction courses may be transferred as credit towards LOMA’s
ten-course, Fellow, Life
Management Institute (FLMI) and Fellow,
Financial Services Institute (FFSI) designation programs. Successful
completion of both SCI courses will fulfill
the LOMA 310/311/315—
Legal Aspects of Life and Health
Insurance requirement of the FLMI and FFSI programs. In addition to
cross-credit between the organizations, LOMA and the SCI are
establishing agreements with colleges and universities in Singapore, the
United States, and Canada that will allow students to apply LOMA and SCI
courses toward an Associate, Bachelor’s, or Master’s degree.
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