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Josef Miyasato
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Decks in this class (31)
1.1 - The World of Insurance
What are insurance companies,
What are insurance agencies,
What are insurance producers
5
cards
1.1 Trade and Regulatory Associations
What is the national association ...,
What is the federal insurance off...,
Insurance regulation at the state...
5
cards
1.2 Types of Insurers - Insurance Companies or Carriers
What is a stock insurance company,
What is a mutual insurance company,
What is a reciprocal insurance co...
7
cards
1.3 Fundamentals of Insurers
What are residual markets,
What are reinsurance companies,
Types of reinsurance agreements
4
cards
1.4 Insurer Domicile and Admittance
What is a domicile,
What is a domestic insurer,
What is a foreign insurer
6
cards
1.5 Insurer Management and Distribution
Management types,
Executive management,
Actuarial department management
14
cards
1.6 Insurance Agents and Producers
Law of agency,
Authority and powers of agency,
Express authority
8
cards
1.7 Federal Regulations
Fair credit reporting act 15 usc ...,
Applicant challenge fair credit r...,
Inaccuracies fair credit reportin...
17
cards
1.8 Risk Management
Risk,
Management,
Speculative risk types of risk
20
cards
1.9 Insurance Concepts
The insurance contract,
Principle of indemnity,
Insurability
10
cards
1.10 Contracts
Contract law,
Tort law,
Hold harmless agreement
31
cards
1.11 Insurer Underwriting
Underwriter,
Underwriting factors,
Premium assumptions
3
cards
Chapter 2 - Life Basics
0
cards
2.1 - Life Basics
Applicant,
Application,
Beneficiary
10
cards
2.2 - Producer Responsibilities
Solicitation,
Advertising solicitation,
Do not call registry solicitation
11
cards
2.3 - Completing the Application
Completing the application and fi...,
Required signatures,
Changes in the application
9
cards
2.4 - Individual Underwriting by the Insurer
Individual underwriting by the in...,
Information sources and regulation,
The application consists of two p...
16
cards
2.5 - Premium Determination for Life Insurance
Assumptions and calculations,
Factors in premium determination ...,
Mortality factors in premium dete...
11
cards
2.6 - Policy Delivery
Policy delivery,
Constructive or legal delivery po...
2
cards
2.7 - Personal Uses of Life Insurance
There are many personal uses and ...,
Survivor protection,
Estate creation
12
cards
2.8 - Determining Amount of Personal Life Insurance Needed
Determining amount of personal li...,
Human life value this method take...,
Needs analysis
4
cards
2.9 - Classes of Life Insurance Policies
Classes of life insurance policies,
Group classes of life insurance p...,
Individual classes of life insura...
12
cards
Chapter 3 - Types of Policies and Riders
The purpose of this chapter is to acquaint the student with the types of life insurance products, and their features, characteristics, and uses. There are no “standard” life insurance policies. However, all policies are either temporary or permanent, and can also be fixed or variable. The chapter concludes with a discussion of various riders that can be utilized to alter, amend, or modify the underlying policy.
2
cards
3.1 - General Policy Definitions
Endow mature,
Face amount,
Cash value
5
cards
3.2 - Types of Policies
Level,
Decreasing,
Credit life insurance
9
cards
3.3 - Permanent Insurance - Traditional Whole Life
Characteristics,
Ordinary whole life,
Straight life or continuous premi...
9
cards
3.4 - Nontraditional Whole Life (Interest/Market – Sensitive)
Current assumption or interest se...,
Indexed universal life equity ind...,
Universal life flexible premium a...
22
cards
3.5 - Specialized Policies
Juvenile specialized policies,
Joint life first to die specializ...,
Joint survivorship life last to d...
4
cards
3.6 - Life Insurance Policy Riders
Life insurance policy riders,
Disability riders,
Waiver of premium disability riders
25
cards
3.7 - Viatical Settlements and Life Settlements
Viatical settlement,
Life settlement
2
cards
Chapter 3 Test
The waiver of premium rider,
Joint survivorship,
Guaranteed insurability
22
cards
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Health and Life Insurance Broker's License
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