Chapter 5, 6, 7 and 8 Life, Health and General insurnace Flashcards Preview

Acronym knowledge test CA1 > Chapter 5, 6, 7 and 8 Life, Health and General insurnace > Flashcards

Flashcards in Chapter 5, 6, 7 and 8 Life, Health and General insurnace Deck (11)
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1
Q

Role of state as benefit provider

A

DEERP

2
Q

Reasons for employer benefits

A

MMEC FLAP

3
Q

Reason for individual benefit providers

A

CPS

4
Q

Considerations in general insurance

A

PUN TRIP

5
Q

Reasons for poor sales of insurance products:

A

DisCEM GAP

6
Q

Factors to consider for health care products

A

MOISt / MIP

7
Q

Considerations when comparing health insurance with medical aids

A

WHUE

8
Q

Aspects distinguishing healthcare from other benefits providers:

A

PIRI

9
Q

Risks in General insurance

A

CAROLINE C

10
Q

Factors determining the riskiness of the class of business:

A

VolVolTRL

11
Q

Factors an insurer should consider when taking on new business

Factors to keep in mind when discussing new insurance products

A

SLARPHACAN

CARCEEN