Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

CII, IF3: Insurance Underwriting Process > Chapter 1 - Key Terms > Flashcards

Chapter 1 - Key Terms Flashcards

1
Q

Proposer

A

The person who wants to take out the insurance policy.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Acceptance

A

Acceptance is when an insurer agrees to the person’s application for insurance and in turn issues them a policy to cover certain risks or peril.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Brokers

A

Brokers are an intermediary between a proposer and an insurance company.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Consideration

A

Consideration is the premium or the future premiums that you have to pay for the insurance policy.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly

CII, IF3: Insurance Underwriting Process (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions