This class was created by Brainscape user Steven Callen. Visit their profile to learn more about the creator.
By:
Steven Callen
- decks
- flashcards
- learners
Decks in this class (9)
1. Fundamental principles of insurance
List 3 reasons risk management is...,
Define risk management,
What are the two aspects of risk ...
15
cards
2. Basic insurance and legal principles
Define an insurance contract,
What are the 8 elements of a vali...,
What does void ab initio mean
29
cards
3. Main classes of business written in the London market
Explain hull and yacht insurance,
Explain builder s risk insurance,
What are pecuniary insurances
20
cards
4. The Insurance Cycle
Describe price elasticity of demand,
Why do insurers join the market,
Why do insurers leave the market
8
cards
5. Structure of the London Market
What is the responsibility of the...,
Who makes up the council of lloyd s,
What is a managing agent
22
cards
6. Legal and regulatory environment
What 3 firms make up the uk regul...,
D,
Escri
36
cards
7. Regulatory processes, systems and controls
Solvency ii,
Equivalence,
Reasons sanctions are imposed
11
cards
8. Role of a broker
Principal and agent,
3 ways agent principle relationsh...,
Agent of the insured
11
cards
9. Underwriters
Overall leader,
Slip leader,
Bureau leader
6
cards
More about
LM1
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Callen's LM1 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.
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?
LM1
- 8 decks
- 156 flashcards
- 438 learners
Decks:
Chapter 1 Fundamentals, Chapter 2 Principles And Terminology, Chapter 3 Cobs In London Market, And more!
