ARA 440 — Reinsurance Administration

• Introduction to Reinsurance
• Reinsurance Environment
• Regulation of Reinsurance
• Forms of Reinsurance
• Defining the Reinsurance Coverage
• Reinsurance Administration Procedures
• Claims, Rescission, and Potential Problems
• Financial Arrangements for Reinsurance
• Risk Management and Reinsurance
• Managing Retention Limits
• Reinsurance Activities, Staff, and Systems
• Administering New Business
• Administering In-Force Business and Terminations of Reinsurance
• Quality Control in Reinsurance

• Identify the roles that insurance companies take in a reinsurance transaction and arrangements in which reinsurers combine forces, including reciprocal arrangements and reinsurance pools.
• Understand the model laws, regulations, and licensing requirements affecting reinsurance in the United States, as well as the regulatory requirements related to reserve credit and risk transfer, privacy, money laundering, and corporate governance in reinsurance transactions.
• Compare and contrast the automatic, facultative, and facultative-obligatory methods of transferring reinsurance risk.
• Describe the general characteristics of a reinsurance treaty and explain the provisions that define the scope of the agreement, including the parties to the agreement provision, the entire agreement provision, the duration of the agreement provision, and the recapture provision.
• Discuss the administration of changes that can affect reinsurance coverage, including recapture of ceded risk, increasing death benefits, continuation of reinsured policies, conversion of reinsured policies, and reinstatement of reinsured policies.
• Explain the role that departments such as marketing, actuarial, underwriting, law and compliance, accounting, auditing, and claims play in the insurer’s reinsurance business.
• Understand the steps a reinsurer takes to examine, approve, and settle a claim submitted under a reinsured policy.

Course Format

Course Portals include the following elements:

• All the assigned study materials needed for the course
• Interactive Practice Questions and Sample Exams
• Recommended study plans to help you set goals and manage your study schedule
• Additional media and features to help in the study and review process

Exam Format

Study materials for this course are delivered via the online Course Portal, and enrollment in the Course Portal also includes enrollment in one of the exam options for the course:

• A timed, self-proctored end-of-course exam available through the Course Portal. The time limit for the proctored exam is 100 minutes and the exam includes 50 questions.
• Proctored end-of-course I*STAR exam at a LOMA member organization. The time limit for the proctored exam is 2 hours and the exam includes 50 questions.

The course content is the same regardless of the testing option chosen.

Study Materials

Principles of Reinsurance, Second Edition (LOMA, 2013)
ISBN 978-1-57974-414-4

Test Preparation Guide for ARA 440 (LOMA, 2013)
ISBN 978-1-57974-413-7

Pricing

See North American course pricing.

Enrolling in Courses With Proctored Exams

1. Log in to your LOMA Learning account using your login ID and password.
2. Browse the Learning Catalog for the course for which you would like to enroll.
3. At the bottom of the course description page, choose Exam Type — you must choose between a
• self-proctored, end-of-course exam or
• proctored, end-of-course I*STAR exam
4. Select ADD TO CART next to the items for which you would like to enroll.
5. Return to the catalog to continue searching for courses and add additional items to your shopping cart, or click the shopping cart to check out.
• If you have not already done so, you will be prompted to log in to the LOMA learning system at this time. Once you have successfully logged in, click the shopping cart again to begin the checkout process.
6. Review your shopping cart. Click CHECK OUT to proceed.
7. Enter payment information
• If your company has set up direct billing with LOMA, an account code will appear next to the “Bill My Company” field.
• If you are using direct-to-company billing method, ensure that the radio button next to the “Bill My Company” field is selected and then click “Next” to continue.
• If you are paying for your enrollment by credit card, enter all of the required fields for a credit card transaction. Once you have provided all of the required information, click “Next” to continue.
8. Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.