This class was created by Brainscape user James Rice. Visit their profile to learn more about the creator.
By:
James Rice
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Decks in this class (9)
Chapter 1: Fundamental Principles
Risk transfer mechanism,
Meanings of risk,
Risk seeking
50
cards
Chapter 2: Basic Insurance legal principles and terminology
Insurance contract,
Criteria for an enforceable contract,
Important elements of a contract
86
cards
Chapter 3: Main Classes of Business
Marine insurance insurable interest,
Policy proof of interest ppi,
Hull and yacht insurance
82
cards
Chapter 4: The insurance cycle
Equilibrium,
Under supply,
Over supply
11
cards
Chapter 5: Structure of the London Market
What is lloyd s,
Lloyd s act 1982,
Functions and makeup of the counc...
29
cards
Chapter 6: Legal and Regulatory Environment
3 regulatory bodies in the uk,
Responsiblities of the fca,
Responsibilities of the pra
68
cards
Chapter 7: Regulatory processes, systems and controls
Regulators of the uk market,
Who do members receive regulation...,
Data evidence for regulators
29
cards
Chapter 8: Role of a broker
Role of broker,
Agent,
Principal
51
cards
Chapter 9: Underwriters
Underwriter responsibilities,
Functions of an underwriter,
Reasons for writing in a subscrip...
15
cards
More about
LM1
- Class purpose General learning
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LM1
- 8 decks
- 156 flashcards
- 485 learners
Decks:
Chapter 1 Fundamentals, Chapter 2 Principles And Terminology, Chapter 3 Cobs In London Market, And more!
