Insurance Key Terms Pdf Answers
Write the definition of each vocabulary word in your own words.
Insurance key terms pdf answers. 2 an insurance policy is a written contract with an insurance company. The chance of loss from an event that cannot be entirely controlled. Here is an insurance glossary or list of travel insurance terms that you need to know when searching for a policy. Agent the insurance company representative who sells policies on behalf of the insurer.
A captive agent represents only one company. Knowledge about these terms will help you in the online tests as well as the interview phase of these examinations. Terms in this set 12 insurance. Create a sentence in the third column using both words from that row.
Are we missing anything. The sentence should provide. Learn vocabulary terms and more with flashcards games and other study tools. Define four key insurance terms.
A glossary of auto insurance terms can really help you understand your policy as you deal with a claim. Deductible copayment coinsurance and out of pocket maximum. Why do insurance policies include deductibles and co insurance. Insurance key terms total points earned name 27 total points possible date percentage class directions.
An independent agent represents more than one company. What is a claim. Use the form to the right to tell us and we ll add the word term. Insurance can be provided to an individual from any of these three sources.
Key terms for understanding car insurance quotes. As a useful guide to insurance vocabulary it will help you understand your coverage or benefits plan page. Many a times it is also referred to as policy term or policy duration. All in simple english.
Once an insurance policy is in place a claim can be made if an accident occurs. 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. A plan by which a company gives protection from the cost of injury or loss. Start studying personal finance.
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