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FLMI Fellowship Course Changes FAQs

What kinds of changes is LOMA making to FLMI courses in 2019?

Because of learner feedback, we are making changes to some upper-level FLMI courses that include:

  • Course content delivered in a series of interactive multi-media modules, in e-book format, that can be accessed while offline. 
  • A choice of exam delivery options: self-proctored exams at the end of each of the course modules, or a comprehensive proctored exam at the end of the course. 
Why are you making these changes?

Our learners have told us the features most important to them are:

  • Content delivered in modules with interactive features
  • Self-proctored testing

How will learners choose their testing option?
  • Step 1: During the enrollment process, learners (or Ed Reps) will have the option to select from I*STAR, Prometric, or self-proctored testing options. The choice of testing option should be consistent with the company’s policy on acceptable testing methods.
  • Step 2: Learners use the course portal to access all study materials. The course portal includes the interactive ebook, instructions for downloading an e-reader, and more.
  • Step 3: Learners complete the course exam(s).
    • Learners who choose the self-proctored testing option will complete a short online exam at the end of each course module. The exams are available through the course portal.
      • Each end-of-module exam is timed — time limits are based on the number of questions. The total number of questions across all end-of-module exams is 60.
      • To pass the course, learners must successfully complete each end-of-module exam within two attempts and achieve a 70%+ score on each end-of-module exam. (NOTE: This is not an average of all module exams).
    • Learners who choose I*STAR or Prometric testing options schedule their exams according to company policy.
      • The exam is timed with a two-hour limit. The total number of questions on the comprehensive end-of-course exam is 60.
      • Learners must complete the entire exam in one attempt, with a 70%+ score to pass the course.
What happens if learners make a mistake and choose the wrong testing option?

If, during the enrollment process, you select a testing option by mistake, you must contact LOMA within 72 hours of your enrollment to have the error corrected at no charge.


Will it cost more to take the self-proctored exam option?

No, the cost of the course is the same regardless of which exam format you choose. However, learners who choose the comprehensive, end-of-course option and need to take their proctored exam at a Prometric Testing Center will be charged the additional Prometric fee.


What can we expect from the e-book?

LOMA’s e-books include text-based content with interactive and multi-media features. Practice and review questions, videos, and other interactive features are integrated in the e-book content. This creates a more dynamic, engaging way to learn important topics.

The content downloaded to the e-reader will be available indefinitely. Features that are accessible only through the course portal (sample exam, end-of-module exams, etc.) will no longer be available after the 6-month enrollment period.


What devices can be used to access the e-book?

Learners can access the e-book materials using a computer, tablet or smart phone. For the best learning experience, you will need to download an e-reader. We recommend the Kotobee e-reader. It’s free to download, and instructions for use are provided on the course portal. The e-book will also be accessible using iBooks.

A PDF version of the course materials will also be available for those who choose not to use an e-reader. All features of the course (such as review questions and interactive features) are available to learners using a PDF; they can access those features through the course portal.

Is it safe to download the Kotobee e-reader?

LOMA has taken every precaution to ensure that the Kotobee e-reader is safe for download. However, please refer to your company’s policies before downloading any software on company-issued devices.

If your company does have restrictions on downloading this type of software on company devices, you'll need to contact your IT department to get approval before downloading an e-reader on a company-owned device.

If learners don’t want to download the Kotobee e-reader, can they access the e-book via Kindle or apps made for mobile phones?

The complete range of interactive features will be available using the Kotobee reader or iBooks. However, these additional features will not be available on Kindle.


Why do learners have to go back to the course portal to take the end-of-module exams?

Taking the end-of-module exam through the course portal allows LOMA’s learning system to accurately record your progress and course completions.

What if a learner doesn’t successfully pass an end-of-module exam in two attempts?

If you fail the same end-of-module exam twice, you must re-enroll in the course and retake all end-of-module exams. For example, if you pass three of four end-of-module exams, but fail the last end-of-module exam in both attempts, you will have to repeat the entire course. 

ALMI courses in the highly interactive online format allow unlimited attempts for each end-of-module exam, and these exams are not timed. Why is the testing different in these new fellowship-level courses?

It’s important to balance learners’ desire for self-proctored testing with the need to maintain the rigor and challenge of a fellowship-level designation. Limiting the number of exam attempts, and the time allowed for each exam, reflects the additional challenge appropriate in advanced courses.

Will it cost more to take the self-proctored exam option?

No, the cost of the course is the same regardless of which exam format you choose. However, learners who choose the comprehensive, end-of-course option and need to take their proctored exam at a Prometric Testing Center will be charged the additional Prometric fee.


Which courses will be offered in this new format, and when will they be available?
  • LOMA 361—Accounting and Financial Reporting in Life Insurance Companies will be available in May 2019
  • LOMA 335—Operational Excellence for Insurance Professionals will be available in June 2019
  • LOMA 357—Institutional Investing: Principles & Practices will be available in October 2019
Will all of the FLMI-level courses eventually be delivered in this way?

We’re committed to launching English-language versions of the three courses in this new format in 2019. We will closely monitor member company and learner feedback to determine whether additional courses will launch in this format. We will also rely on feedback to determine if we will translate any of these courses in the future.

In what languages will these courses be offered?

Initially, they will be offered in English only. We will closely monitor member company and learner feedback to determine whether we will translate these courses into additional languages.


How should learners who wish to earn the FLMI in 2019 proceed?

Not all FLMI-level courses will be introduced in this new format in 2019. Learners who wish to complete their FLMI requirements by the end of 2019 should consider completing LOMA 311 — Business Law for Financial Services Professionals and LOMA 371 — Risk Management and Product Design for Insurance Companies before the new format courses begin arriving in May 2019.

In addition, learners who wish to complete their FLMI requirements by the August 31 deadline to attend the 2019 LOMA Annual Conference and Conferment should not wait for the new format of LOMA 357 — Institutional Investing: Principles & Practices to become available, but instead should complete the course in its current format.