Yankow, Henry G.
M.S. (Master of Science)
College of Business
Insurance agents; Insurance departments--Illinois--De Kalb; Universities and colleges--Administration
The purpose of this study was to determine the feasibility of employing an insurance administrator at four-year colleges and universities. Associated with the feasibility of hiring an insurance manager was the need to know desirable educational and work experience backgrounds and determine the variety of duties usually given various levels of insurance managers. PLAN OF STUDY Institutions listed in the Education Directory, Part 3 1964-65, were included in a survey. A questionnaire was sent to four-year colleges and universities with 9,000 or more students. The questionnaire was developed around five major sections: 1. General information on the college. 2. Current methods of operations involving the insurance specialist. 3. Personal data of the person completing the questionnaire. 4. Future operations involving the insurance specialist. 5. Further comments believed to be worthwhile for another institution to adhere to when employing an insurance administrator. SUMMARY AND CONCLUSION The findings of the study indicated that institutions having enrollments of 9,000 or more students can benefit from the employment of an insurance administrator. Approximately 92 per cent of the four-year schools employing such an insurance specialist have a student enrollment exceeding 13,000 students and employ 2,000 or more faculty and staff. Insurance manager is the recommended title of insurance administrator. He should be responsible to the chief financial officer reporting directly to the president. Twenty-one of 2$ respondents had achieved a bachelor’s degree; most had taken course work in insurance, accounting, law and other subjects to keep current with changing insurance and business techniques. The insurance manager’s willingness to learn and ability to communicate with others are the most desirable attributes. It is highly desirable to locate in one office the purchasing of policies and processing of claims associated therewith for all lines of insurance. The insurance manager should be relieved of non-insurance responsibilities except these usually assigned him: 1. Retirement programs, 2. Vehicle licensing, 3. Real estate lease agreements, 4. Safety committee member. If the Insurance manager is provided time to properly study, compare, evaluate, and recommend insurance protection, he will be a more beneficial instrument in the administrative team of an educational institution.
Cuplin, Warren D., "A study to determine the feasibility of employing an insurance administrator at four-year colleges or universities" (1967). Graduate Research Theses & Dissertations. 812.
viii, 59 pages
Northern Illinois University
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