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CIP C120 - Underwriting Essentials

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

By: Justin T
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Decks in this class (19)

Study 1: Introduction to Underwriting - Key Terms
Physical hazard 1,
Reinsurance 2,
Direct writer 3
18  cards
Study 1: Introduction to Underwriting - Summary
The three main elements of underw...,
The underwriting function 2,
Underwriters as an investor of ca...
27  cards
Study 2: Underwriting the Risk: An Overview - Key Terms
Utmost good faith 1,
Telematics 2,
Contra proferentem 3
14  cards
Study 2: Underwriting the Risk: An Overview - Summary
Principles of policy analysis 1,
Manuscript policies 2,
The evolution of policy wordings 3
33  cards
Study 3: Underwriting the Applicant - Key Terms
Additional named insured 1,
Additional insured 2,
Named insured 3
9  cards
Study 3: Underwriting the Applicant - Summary
Aspects of a typical application ...,
Purpose of examining an applicati...,
Importance of who is applying 3
23  cards
Study 4: Underwriting the Risk: Property - Key Terms
Hazard 1,
Common hazard 2,
Subrogation 3
6  cards
Study 4: Underwriting the Risk: Property - Summary (Part 1)
Cope 1,
Construction 1,
Occupancy 2
31  cards
Study 4: Underwriting the Risk: Property - Summary (Part 2)
Reasons why the problems facing a...,
Considerations for the constructi...,
Building age or location 3
25  cards
Study 5: Underwriting the Risk: Liability - Key Terms
Statute law 1,
Umbrella policy 2,
Contributory negligence 3
18  cards
Study 5: Underwriting the Risk: Liability - Summary
Liability insurance is primarily ...,
Two reasons why liability insuran...,
Premiums for liability insurance ...
32  cards
Study 6: Underwriting the Risk: Automobile - Key Terms
Other automobile 1,
Lessee 2,
Risk sharing plan 3
9  cards
Study 6: Underwriting the Risk: Automobile - Summary
Automobile insurance is the most ...,
Necessity of auto insurance in ca...,
Underwriter s skill and judgement 3
33  cards
Study 7: Pricing the Risk - Key Terms
Actuary 1,
Law of large numbers 2,
Premium 3
15  cards
Study 7: Pricing the Risk - Summary
A bucket of premium 1,
Factors for an insurer to conside...,
Three types of insurer expenses 3
26  cards
Study 8-9: Key Terms
Warranty 1,
Loss reserve 2,
Risk management 3
6  cards
Study 8: Underwriting Relationships - Summary
The benefits of good relationship...,
Underwriters should always behave...,
Underwriters should nurture good ...
23  cards
Study 9: The Underwriting Environment - Summary
The insurer s procedures 1,
Centralized insurers 2,
Decentralized insurers 3
30  cards
Study 1-9: Narrative Practice Questions
The line guide specifies the crit...,
When assessing a risk which gener...,
Briefly explain the difference be...
27  cards

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CIP C120 - Underwriting Essentials

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C120 Underwriting Essentials (2018)
  • 9 decks
  • 242 flashcards
  • 98 learners
Decks: Study 1 Introduction To Underwriting, Study 2 Underwriting The Risk An Overvie, Study 3 Underwriting The Applicant, And more!
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