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Life Insurance

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

By: Lisa Milstead
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Decks in this class (17)

Types of Insurance Companies (Chapter 1)
Commercial insurers private insur...,
Multi line insurer,
Stock companies
16  cards
How Insurance is sold (Chapter 1)
Distribution systems,
Career agency system,
Personal producing general agency...
6  cards
Industry Oversight and Regulation (Chapter 1)
How is the insurance industry reg...,
1869 paul v virginia,
1905 the armstrong investigation act
15  cards
Definitions (Chapter 2)
Law of large numbers,
Risk,
Peril
13  cards
Definitions (Chapter 3)
Offer and acceptance,
Consideration,
Legal purpose
24  cards
Definitions (Chapter 4, Section 1)
Industrial life,
Ordinary life insurance,
Group life insurance
31  cards
Definitions (Chapter 4, Section 2)
Entire contract,
Insuring clause insuring agreement,
Free look
36  cards
Definitions (Chapter 5)
Mortality factor,
Interest factor,
Expense factor
33  cards
Definitions (Chapter 6)
Insurable interest,
Application,
General part 1 of the application
23  cards
Definitions (Chapter 7)
Noncontributory,
Contributory,
Certificate of insurance
8  cards
Definitions (Chapter 8)
Annuitant,
Accumulation period,
Accumulation units
21  cards
Definitions (Chapter 9)
Quarter of coverage,
Social security act of 1935,
Fica taxes federal insurance cont...
12  cards
Definitions (Chapter 10)
Qualified plan,
Erisa the employee retirement inc...,
Defined contribution plans
23  cards
Definitions (Chapter 11)
Human life value approach,
Human needs approach,
Needs based selling
13  cards
Commissioner of Insurance (Chapter 12, Section 1)
Commissioner of insurance,
Examination of records commission...,
Notice and hearing commissioner o...
5  cards
Licensing (Chapter 12, Section 1)
Producers,
Business entity,
Process
9  cards
Regulations (Chapter 12, Section 1)
Address name change,
Reporting of actions,
Assumed names
13  cards

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Life Insurance

  • Class purpose General learning

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