Applications Available for Harold Jackson Scholarship to Study Marine Insurance in London

The School of Risk Management, Insurance, and Actuarial Science (SRM), a division of St. John's University's Peter J. Tobin College of Business is presently accepting applications for the 2014 Harold Jackson Scholarship for the study of Ocean Marine Insurance in England.
Wednesday, March 26, 2014

The School of Risk Management, Insurance, and Actuarial Science (SRM), a division of St. John’s University’s Peter J. Tobin College of Business is presently accepting applications for the 2014 Harold Jackson Scholarship for the study of Ocean Marine Insurance in England.

Established under the will of the late Harold Jackson, former President of Wm. H. McGee & Company, Inc., the scholarship consists of round trip transportation to London, lodging costs for a stay of up to four weeks, payment of tuition and fees for the course of study to be determined by the scholarship recipient, and a personal allowance for miscellaneous living expenses.

The scholarship is awarded on the basis of successful completion of the AMIM® 121 examination, prepared and graded by the The Institutes™ and a completed application and written report of not more than 1,000 words on the following three-part topic, submitted by May 29, 2014:

1.    As it respects a marine liability policy, explain and give an example of:
               a. Third Party Action Over
               b. Bailment
               c. Subrogation

2.    Within a marine cargo policy, explain:
               a. Difference between C.I.F. and F.O.B.
               b. Marine Extension Clause
               c. Shipment Exceeding Policy Limit

3.    Within a marine hull policy, explain the difference between the following terms using a claims scenario(s):
               a. Sue and Labor
               b. Salvage
               c. General Average
               d. Abandonment

To obtain an application for the scholarship or for further information contact: Maureen Furlong Weber, Director of Marketing & Industry Relations, St. John’s University – School of Risk Management, 101 Astor Place, New York, NY 10003.  Phone: (212) 277-5111.  Email:  weberm@stjohns.edu.

About the School of Risk Management, Insurance and Actuarial Science (SRM)

Founded in 1901, SRM was known as the Insurance Society of New York and over the years evolved into The College of Insurance (TCI).  In June 2001, TCI merged with St. John’s University, becoming a school of The Peter J. Tobin College of Business. Located in New York City’s downtown financial district, SRM awards undergraduate, M.B.A., and M.S. degrees in the insurance, risk management and actuarial science disciplines.  Through its Center for Professional Education, SRM also provides education, training and consulting services to the industry, governments and regulators worldwide.  Its ten-story, self-contained campus includes five floors of residence halls, classrooms, conference space and the Kathryn and Shelby Cullom Davis Library, which houses the largest and most comprehensive insurance collection in the world.