Insurance
Help!
|
|
||||
|---|---|---|---|---|---|
| A legal representative of an insurance company | show 🗑
|
||||
| A person applying for insurance | show 🗑
|
||||
| Person covered by the insurance policy; may or may not be the policyowner | show 🗑
|
||||
| An insurance producer, not appointed by an insurance company and who represents their client | show 🗑
|
||||
| The paid amount upon death of the insured in a life insurance policy | show 🗑
|
||||
| a person's net worth | show 🗑
|
||||
| A contract between a policyowner (and/or the insured) and a insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events | show 🗑
|
||||
| show | Beneficiary
🗑
|
||||
| The company who issues an insurance policy | show 🗑
|
||||
| Policy termination due to nonpayment of premium | show 🗑
|
||||
| Coverage on a human life | show 🗑
|
||||
| The person entitled to exercise the rights and privileges in the policy | show 🗑
|
||||
| show | Premium
🗑
|
||||
| show | Insurable Interest
🗑
|
||||
| This document provides basic, GENERIC information about life insurance policies that contains, and is limited to, language provided by the Department of Insurance. This is called... | show 🗑
|
||||
| A written statement describing the FEATURES & ELEMENTS of the policy being issued. | show 🗑
|
||||
| The risk selection and classification process. It's when an insurance company determines whether or not a particular applicant is insurable, and if so, what premium to charge. | show 🗑
|
||||
| An AGENT on the company's front line, the agent is usually soliciting the potential insured. | show 🗑
|
||||
| show | Field Underwriting responsibilities
🗑
|
||||
| show | Adverse Selection
🗑
|
||||
| show | Receipt
🗑
|
||||
| The starting point and basic source of information used by insurance company. Part 1 - general information and Part 2 - Medical information | show 🗑
|
||||
| Before submitting application you must complete and sign... | show 🗑
|
||||
| Agent/Producer, Applicant, and Policyowner (if not proposed insurer) | show 🗑
|
||||
| show | Consequences of Incomplete Applications
🗑
|
||||
| A statement saying that coverage will be effective either on the date of application or the date of medical examination, whichever occurs last, unless coverage is declined or rated, or issued with riders excluding specific coverage | show 🗑
|
||||
| show | Example of a Conditional Receipt
🗑
|
||||
| An absolutely true statement upon which the validity of the insurance policy depends. | show 🗑
|
||||
| show | Representation
🗑
|
||||
| show | Misrepresentation
🗑
|
||||
| show | Material Misrepresentation
🗑
|
||||
| show | Attending Physician's Statement (APS)
🗑
|
||||
| a membership corporation owned by member insurance companies. Nonprofit trade organization which receives adverse medical information from insurance companies and maintains confidential medical impairment information on individuals | show 🗑
|
||||
| show | Medical Examinations and Lab Tests Including HIV
🗑
|
||||
| The Law protecting consumers against the circulation of inaccurate or obsolete information | show 🗑
|
||||
| show | NJ Replacement
🗑
|
||||
| organizations must consult the registry every 31 days. Any phone numbers on registry must be dropped from the organization's call list | show 🗑
|
||||
| Pure Death Protection | show 🗑
|
||||
| commonly purchased to insure the payment of a mortgage or other debts | show 🗑
|
||||
| allows policyowner the right to renew the same amount of coverage, without evidence of insurability. Premium for new term is based on insured's current age | show 🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
NelsonUSMC2025
Popular Insurance sets