IRM 253: Commercial Insurance and Ethics
Course Description:
IRM 253 is designed to cover policy provisions, and concepts common to various commercial multiple-line property and casualty contracts. This course will also help students prepare for the AINS 103 national examination administered by The Institutes towards the Associate in General Insurance (AINS) professional designation.
IRM 253 is the 3rd of a 3-course series sponsored by the University of Olivet. Students who successfully complete the three courses by earning an overall score of 80% or higher are eligible to submit their transcripts for IRM 252 (CPCU 555) and IRM 253 (CPCU 551 plus Ethical Decision-Making in Risk Management) to The Institutes Knowledge Group to receive a CPCU professional designation certificate of completion. NOTE: Students who earn passing scores in the IRM courses are eligible to receive postsecondary credit if they choose to later enroll with The University of Olivet following graduation from high school.
Course Details:
| Course Title (District): | IRM 253: Commercial Insurance and Ethics | ||||||||||
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| Course Title (NCES SCED) : | Risk Management and Insurance | ||||||||||
| Course Provider : | Michigan Virtual | ||||||||||
| Content Provided By : | University of Olivet | ||||||||||
| Online Instructor Provided By : | Michigan Virtual | ||||||||||
| Standards Addressed : | None | ||||||||||
| Alignment Document : | https://docs.google.com/document/d/e/2PACX-1vSlix0B7ieojLZWVh9c9dNcnemkJmHV7RALNyax4vKHawm1q_Bqv5xFxM7KAjoRlVObOL7GfUIDVSWf/pub | ||||||||||
| Academic Terms : | Trimester | ||||||||||
| NCES SCED Code : 12106 |
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How To Enroll:
| Enrollment Website : | https://slp.michiganvirtual.org/ |
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| Email : | [email protected] |
| Phone : | (888) 889-2840 |
Students and Parents: It is important to work closely with your local school counselor or registrar to follow the school's enrollment procedures. By clicking the "Start Registration Request" button below, you will be able to notify the school of your interest in registering for the online course. However, it is the responsibility of the district or school to review the registration request and approve or deny the request. Please make a note to follow up with your school after submitting a registration request.
Additional Course Information:
- Email: [email protected]
- Phone: (888) 889-2840
- Explain the concepts of risk and insurance
- Describe the process of risk management and identify possible alternatives to insurance
- Describe the structure of insurance markets and company operations, as well as the impact on the economic environment
- Demonstrate understanding of state and federal insurance regulations
- Describe the basic structure of insurance contracts, including self-contained policies and modular policies
- Analyze and describe provisions of commercial property and business income
- Demonstrate knowledge of property and liability insurance, including policy coverage language
- Demonstrate technical competence and the ability to read and understand coverage forms providing consistent and sound underwriting decisions
- Ability to work in a collaborative environment, demonstrating negotiating skills and actively challenging others when necessary
Additional Cost Description:
Commercial Insurance, 1st edition (CPCU 551) The Institutes Collegiate Edition - Online Only The Institutes - Purchase Study Materials From Participating Schools. Select “Michigan Virtual” and select two products: IRM 253 - Commercial Insurance AND Ethical Decision Making in Risk and Insurance
Upon completion of this course, students will be able to...
NSQ National Standards for Quality Online Courses: Fourth Edition (2025)
| Rating | Comments | |
|---|---|---|
| A1: A course overview and syllabus are included in the course. | Pilot: Review Pending | |
| A2: Minimum computer skills and digital literacy skills expected of the learner are clearly stated. | Pilot: Review Pending | |
| A3: The instructor’s biographical information and information on how to communicate with the instructor are provided. | Pilot: Review Pending | |
| A4: Learner expectations and policies are clearly stated and readily accessible within the introductory material of the course. | Pilot: Review Pending | |
| A5: Minimum technology requirements for the course are clearly stated, and information on how to obtain the technologies is provided. | Pilot: Review Pending | |
| A6: Grading policies and practices are clearly defined in accordance with course content learning expectations. | Pilot: Review Pending | |
| A7: The course instructions articulate or link to a clear description of the technical support offered and how to obtain it. | Pilot: Review Pending | |
| A8: Learners are offered an orientation prior to the start of the course. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| B1: The course objectives or competencies are measurable and clearly state what the learner will be able to demonstrate as a result of successfully completing the course. | Pilot: Review Pending | |
| B2: Where applicable, the course content is aligned with accepted state and/or other accepted content standards. | Pilot: Review Pending | |
| B3: Digital literacy and communication skills are incorporated and taught as an integral part of the curriculum. | Pilot: Review Pending | |
| B4: Supplemental learning resources and related instructional materials are available to support and enrich learning and are aligned with the content delivered. | Pilot: Review Pending | |
| B5: The course content and supporting materials reflect different perspectives and provide non-stereotypical forms of representation. | Pilot: Review Pending | |
| B6: The course materials (e.g., textbooks, primary source documents, Open Education Resources “[OER])” that support course content standards are accurate and current. | Pilot: Review Pending | |
| B7: The course is free of adult content and avoids unnecessary advertisements. | Pilot: Review Pending | |
| B8: Copyright and licensing status for any third-party content is appropriately cited and easily found. | Pilot: Review Pending | |
| B9: Documentation and other support materials are available to support effective online course facilitation. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| C1: The course design includes activities that guide learners toward promoting ownership of their learning and self-monitoring. | Pilot: Review Pending | |
| C2: The course’s content and learning activities promote the achievement of the stated learning objectives or competencies. | Pilot: Review Pending | |
| C3: The course is organized by units and lessons arranged in a logical sequence. | Pilot: Review Pending | |
| C4: The course content is appropriate to the reading level of the intended learners. | Pilot: Review Pending | |
| C5: The course design includes introductory assignments or activities to engage learners within the first week of the course. | Pilot: Review Pending | |
| C6: The course provides learners with multiple learning paths as appropriate, based on learner needs, that engage learners in a variety of ways. | Pilot: Review Pending | |
| C7: The course provides regular opportunities for learner-learner interaction. | Pilot: Review Pending | |
| C8: The course design provides opportunities for learner-instructor interaction, including opportunities for regular feedback about learner progress. | Pilot: Review Pending | |
| C9: Course instructional materials and resources present content in an effective, engaging, and appropriate manner. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| D1: Learner assessments align with stated course, unit, or lesson-level objectives or competencies. | Pilot: Review Pending | |
| D2: Valid course assessments measure learner progress toward understanding of content. | Pilot: Review Pending | |
| D3: Assessment practices provide frequent and varied opportunities for self-monitoring and reflection of learning. | Pilot: Review Pending | |
| D4: Assessment materials provide the learner with the flexibility to demonstrate their understanding in a variety of ways. | Pilot: Review Pending | |
| D5: Rubrics that clearly define expectations for varied levels of proficiency are created and shared with learners. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| E1: Course navigation is logical, consistent, and efficient from the learner’s point of view. | Pilot: Review Pending | |
| E2: The course design facilitates readability. | Pilot: Review Pending | |
| E3: The course provides accessible course materials and activities to meet the variable needs of learners, following Universal Design for Learning principles. | Pilot: Review Pending | |
| E4: Multimedia in the course is easy to use. | Pilot: Review Pending | |
| E5: Vendor accessibility statements are provided for all technologies required in the course. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| F1: All technologies and tools included for use as part of the course ensure that learner privacy is protected in accordance with the Acceptable Use Policy and applicable law. | Pilot: Review Pending | |
| F2: The course tools further the learning objectives and course competencies. | Pilot: Review Pending | |
| F3: The course technology allows for customization and personalization. | Pilot: Review Pending | |
| F4: The course operates within a platform to score and record assessments and calculate earned course points or grades. | Pilot: Review Pending | |
| F5: Courses utilize emerging technologies that can enhance the learning experience, prioritizing learners and outcomes. | Pilot: Review Pending |
| Rating | Comments | |
|---|---|---|
| G1: The course uses multiple methods and sources of input for assessing course effectiveness. | Pilot: Review Pending | |
| G2: The course is regularly reviewed to ensure that the course is current and relevant. | Pilot: Review Pending | |
| G3: The course is updated on a continuous improvement cycle for effectiveness based on the findings from ongoing reviews. | Pilot: Review Pending |
Review Conducted By: Michigan Virtual
Date of Review:
05/31/2027
Unit 1: Examining Building and Personal Property Coverage
Unit 2: Applying Building and Personal Property Conditions
Unit 3: Examining Business Income Coverage and Mitigating Crime Losses
Unit 4: Inland and Ocean Marine Coverages
Unit 5: Examining and Applying Commercial General Liability Coverages
Unit 6: Tort Law
Unit 7: Analyzing the Business Auto Coverage Form
Unit 8: Covering Employee Injuries and Meeting Other Commercial Coverage Needs
Unit 9: Ethical Decision Making in Risk and Insurance
| Term Type | Enrollment Opens | Enrollment Ends | Random Draw Date | Enrollment Drop Date | Course Starts | Course Ends | # of Seats | Course Fee | Potential Additional Costs |
|---|---|---|---|---|---|---|---|---|---|
| Trimester | 04/01/2026 | 04/02/2027 | 04/02/2027 | 03/19/2027 | 06/18/2027 | 100 | $510 |
| Drop Policy | Completion Policy | Term Type | Enrollment Opens | Enrollment Ends |
|---|---|---|---|---|
| Trimester | 04/01/2026 | 04/02/2027 |
Students will require a computer device with headphones, a microphone, webcam, up-to-date Chrome Web Browser, and access to YouTube.
Ensure that your school or district network and device administrator establishes network access permissions or exceptions for online resources relevant to the course in which you are choosing to enroll. Ref., Michigan Virtual Course Allow List
Please review the Michigan Virtual Technology Requirements.