Keywords

Question 1

Date the insurance company finishes underwriting a risk
Exposure and generates the insurance contract coverage is already effective
If there was a premium receiot

Answer 1

Issue date

Question 2

A service organization that collects medical data on life and health
insurance

Answer 2

Medical information bureau MIB

Question 3

Report needed to provide further underwriting information

Answer 3

Medical report

Question 4

Hazards are applicant habits or lifestyles that

Indicate a higher than average level if risk for the insurer

Answer 4

Moral hazard

Question 5

Described the level of risk that someone has of
Suffering a disability usually within a given year
Given age and as part of a defined population group

Answer 5

Morbidity

Question 6

Application evaluated without a medical exam

Answer 6

Non medical

Question 7

Described the basic benefits conditions other terms of an insurance
Policy without using industry jargon

Answer 7

Outline of coverage

Question 8

Person responsible for paying the policy premium

Answer 8

Payor

Question 9

Small transactions fee charged by some insurers for the first or subsequent
Policy years

Answer 9

Policy fee

Question 10

Summarize the basic terms of a insurance policy

Answer 10

Policy summary

Question 11

the period of time a policy will remain in existence

Answer 11

Policy term