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Life Insurance

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

By: Lisa Milstead
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Decks in this class (17)

Types of Insurance Companies (Chapter 1)
Commercial insurers private insur...,
Multi line insurer 2,
Stock companies 3
16  cards
How Insurance is sold (Chapter 1)
Distribution systems 1,
Career agency system 2,
Personal producing general agency...
6  cards
Industry Oversight and Regulation (Chapter 1)
How is the insurance industry reg...,
1869 paul v virginia 2,
1905 the armstrong investigation ...
15  cards
Definitions (Chapter 2)
Law of large numbers 1,
Risk 2,
Peril 3
13  cards
Definitions (Chapter 3)
Offer and acceptance 1,
Consideration 2,
Legal purpose 3
24  cards
Definitions (Chapter 4, Section 1)
Industrial life 1,
Ordinary life insurance 2,
Group life insurance 3
31  cards
Definitions (Chapter 4, Section 2)
Entire contract 1,
Insuring clause insuring agreement 2,
Free look 3
36  cards
Definitions (Chapter 5)
Mortality factor 1,
Interest factor 2,
Expense factor 3
33  cards
Definitions (Chapter 6)
Insurable interest 1,
Application 2,
General part 1 of the application 3
23  cards
Definitions (Chapter 7)
Noncontributory 1,
Contributory 2,
Certificate of insurance 3
8  cards
Definitions (Chapter 8)
Annuitant 1,
Accumulation period 2,
Accumulation units 3
21  cards
Definitions (Chapter 9)
Quarter of coverage 1,
Social security act of 1935 2,
Fica taxes federal insurance cont...
12  cards
Definitions (Chapter 10)
Qualified plan 1,
Erisa the employee retirement inc...,
Defined contribution plans 3
23  cards
Definitions (Chapter 11)
Human life value approach 1,
Human needs approach 2,
Needs based selling 3
13  cards
Commissioner of Insurance (Chapter 12, Section 1)
Commissioner of insurance 1,
Examination of records commission...,
Notice and hearing commissioner o...
5  cards
Licensing (Chapter 12, Section 1)
Producers 1,
Business entity 2,
Process 3
9  cards
Regulations (Chapter 12, Section 1)
Address name change 1,
Reporting of actions 2,
Assumed names 3
13  cards

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Life Insurance

  • Class purpose General learning

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