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Terms in this set 12 insurance.
Insurance key terms pdf answers. 2 an insurance policy is a written contract with an insurance company. Many a times it is also referred to as policy term or policy duration. Insurance can be provided to an individual from any of these three sources.
Knowing the basic insurance terms is of extreme importance if you are targeting any of the insurance exams such as lic aao lic hfl assistant esic sso uiic aao uiic assistant nicl assisant oicl ao nicl ao niacl ao irdai assistant manager exam etc. Why do insurance policies include deductibles and co insurance. Create a sentence in the third column using both words from that row.
What is a deductible. An independent agent represents more than one company. Insurance key terms total points earned name 27 total points possible date percentage class directions.
Start studying personal finance. Agent the insurance company representative who sells policies on behalf of the insurer. Here is an insurance glossary or list of travel insurance terms that you need to know when searching for a policy.
All in simple english. As a useful guide to insurance vocabulary it will help you understand your coverage or benefits plan page. Key terms for understanding car insurance quotes.
The sentence should provide. Are we missing anything. Write the definition of each vocabulary word in your own words.
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