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

Decks in this class (20)

General Insurance
Insurance,
Risk,
Speculative risk
69  cards
Life/Health Insurance Underwriting
Underwriting,
Changes in the application must be,
Backdating
25  cards
Basics of Life Insurance
Third party ownership,
To have a policy issued on someon...,
In the personal insurance market ...
36  cards
Types of Life Insurance Policies
The amount of the death benefit i...,
Simplest type of life insurance,
Term life insurance policies only...
75  cards
Life Insurance Riders
Benefit options to tailor a polic...,
Waiver of premium rider,
With the waiver of premium rider ...
43  cards
Life Insurance Policy Options
Used to determine how the proceed...,
If the life insurance policy owne...,
Life insurance settlement options
51  cards
Life Insurance Policy Provisions
The terms of a life insurance pol...,
Policy provisions describe how,
This provision gives the policyow...
64  cards
Group Life Insurance
The general rule for eligibility ...,
Group insurance eligibility is li...,
Employer group plans
30  cards
Annuities
Life insurance protects people fr...,
As a financial product annuities ...,
Two phases of an annuity
81  cards
Taxation of Life Insurance Annuities
Income tax treatment of life insu...,
Premiums made for individual life...,
Interest earnings credited to lif...
49  cards
Intro to Health Insurance
Health insurance is designed to c...,
Pre existing condition exclusions...,
Hospital medical expense coverage
15  cards
Health Insurance Policy Provisions
Entire contract provision,
Grace period is ____ days for wee...,
Grace period is __ days for month...
31  cards
Disability Income Insurance
Work can be categorized as,
Under the own occupation definiti...,
Under the any occupation definiti...
33  cards
Medical Expense Plans
One of the new ideas that health ...,
Traditional fee for service healt...,
Prepaid plans refer to their cust...
11  cards
Other Health Plans
Health maintenance organizations ...,
________ provide both the health ...,
Hmos are made up of
30  cards
Group Health Insurance
In general the premium cost for g...,
Experience rating
20  cards
Medicare and Medicaid
Medicare pays a large portion of ...,
Qualification for medicare requires,
Private healthcare insurance comp...
43  cards
MT Life and Health Laws and Regulations
By _____ __ of each year all insu...,
Authorized insurers must be exami...,
The department of insurance will ...
28  cards
MT Laws and Regulations for Life Insurance and Annuities Only
Any attempt by the existing insur...,
Before accepting an application a...,
All individual life insurance pol...
20  cards
MT Laws and Regulations for Accident and Health Insurance only
All disability insurance policies...,
Disability insurance policies del...,
Disability policies cannot deny o...
26  cards

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General Insurance

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