Brainscape's Knowledge GenomeTM

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


See full index

M1: Insurance terms and related concepts

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

By: Katie Haag
Start Studying

Decks in this class (12)

What is insurance?
Insurance,
Principle of indemnity,
Premium
7  cards
Characteristics of Insurance Contracts
6 characteristics of insurance co...,
Basic sections of a typical policy,
6 traits of insurance contract ut...
20  cards
Types of Insurers
Government insurers social insurance,
Private insurers,
Stock insurance companies
26  cards
Hazards and Risks
Speculative risk,
Pure risk,
Exposure
26  cards
Risk Management
Risk management,
Risk avoidance,
Risk reduction aka risk mitigation
7  cards
Important Terms
First named insured,
Binder,
Insured
27  cards
Types of Hazards and Fraud
4 types of hazard,
Fraud,
Soft opportunistic fraud
8  cards
Cause and Loss
Occurrence,
Proximate cause,
Direct loss
9  cards
Interest, Subrogation, and Claims
Basic claims process,
Insurable interest,
Lender interest
24  cards
Valuation, Deductibles, and Coinsurance
Methods of valuation,
Actual cash value,
Replacement cost
41  cards
Liability, Insurance and Policy Limits
Negligence,
4 elements of negligence role of ...,
Three degrees of legal liability ...
26  cards
Liability and Law
Three types of laws used in civil...,
Statutory law definition,
Common law definition
56  cards

More about
M1: Insurance terms and related concepts

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Katie Haag's M1: Insurance terms and related concepts flashcards now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

CH1 Insurance Terms and Related Concepts
  • 1 decks
  • 63 flashcards
  • 1 learners
Decks: General Ins Principles, And more!
Relativity Certifications
  • 8 decks
  • 1764 flashcards
  • 13 learners
Decks: Relativity Certification Administrator S, Relativity Certification Administrator S, Relativity Certified Administrator 103 P, And more!
Insurance
  • 17 decks
  • 608 flashcards
  • 73 learners
Decks: Services Systems Edoc Download Com Log C, Ains 21 Insurers And Regulation, Csr Commercial Gl, And more!
ABPP Concepts
  • 20 decks
  • 452 flashcards
  • 5 learners
Decks: History And Foundations, Ethics, Legal System, And more!
Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions