The economics of insurance, utility theory. Application of probability to problems of life and death. The determination of premiums for insurances and annuities in both the discrete and continuous case. [Offered: F,W,S] Prereq: ACTSC 231, STAT 230 or 240; Not open to General Mathematics students; ELPE passed with “Good” or “Excellent” or Math Faculty Writing skills requirement and ENGL 119