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C11 Principles And Practice Of Insurance

This class was created by Brainscape user Macrina Espanol. Visit their profile to learn more about the creator.

By: Macrina Espanol
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Decks in this class (12)

Chapter 1 Risk and Insurance
Define risk,
Name the components of risk,
Name the levels of risk
22  cards
Chapter 2 History and Functions of Insurance
How has insurance developed over ...,
How were early insurance companie...,
Identify the three 3 major catego...
31  cards
Chapter 3 Ratemaking, Underwriting, and Rating
Define rate,
Define premium,
Define law of large numbers
21  cards
Chapter 4 The Insurer
What are captive insurers and how...,
Define fronting and give examples,
What is the main objective of coo...
19  cards
Chapter 5 Insurance Distribution and Insurance Intermediaries
What is the difference between a ...,
Discuss the relationship between ...,
Define a general agent
24  cards
Chapter 6 The Law and the Judicial System
Define law,
What are the two 2 most basic cat...,
Distinguish beween substantive la...
20  cards
Chapter 7 The Law of Contract: Common Law
Provide a simple definition of a ...,
What five 5 elements are essentia...,
How must you make an offer when y...
20  cards
Chapter 8 The Law of Contract: The Civil Code of Quebec
Define contract,
How does a contract of adhesion d...,
What are the four 4 requisites of...
20  cards
Chapter 9 The Insurance Contract
How are insurance contracts disti...,
In whose lives does an insured ha...,
Give examples of insurable intere...
19  cards
Chapter 10 Insurance Documents and Processes
What is the purpose of an insuran...,
What is an oral application,
Define coverage
20  cards
Chapter 11 Adjusters and the Claims Process
What are the two 2 types of losse...,
Who is responsible for proving th...,
Who reports a loss and to whom do...
20  cards
Chapter 12 Reinsurance; Industry Organizations; The Customer
What is reinsurance,
Explain the difference between ce...,
Why do insurers reinsure
20  cards

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C11 Principles And Practice Of Insurance

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C11 Principles and Practice of Insurance
  • 11 decks
  • 375 flashcards
  • 39 learners
Decks: Chapter 1 Introduction To Risk And Insur, Chapter 2 Insurance Categories And Funct, Chapter 3 Regulatory Framework, And more!
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