Top Insurance Exam Flashcards

Insurance is a contract that protects a consumer against some specific kind of loss or damage. It’s valuable in high-risk contexts like owning a car (which could crash) or owning a home (which could burn down). Insurance can also protect against personal harms and illness in the form of health insurance, which can help the consumer defray the costs of medical care. Rarer forms of insurance may cover earthquakes, floods, or other risks that are only faced by people in certain regions.

Insurance laws and regulations vary from jurisdiction to jurisdiction, but some of the basic principles are the same. Insurance has to protect the company against fraudulent claims (e.g. from people who burn their own house down in order to claim the insurance money), but it also has to protect the consumer against companies that don’t want to pay out when something really does happen. Each jurisdiction has its own set of rules governing this delicate interaction between consumers and insurance companies.

PA Insurance Exam

Cards: 5| Attempts: 1| Last updated: Sep 22, 2015

Name For The Period Of Years During Which No ...

Blackout Period

Tom Is A 45-year-old Senior Accountant Employ...

$70,000

To Be Considered Totally Disabled Under A Dis...

24 Months

Policyowners Can Withdraw The Interest Earnin...

The Dividend Itself Is Tax Free But The Inter...

Life Insurance Exam

Cards: 23| Attempts: 1| Last updated: Sep 22, 2015

What Are The Major Characteristics Of Term Li...

Maximum Age - Temp. Protection Good For Youn...

What Is Renewable? What Is Convertible?

Enewable Allows Insured To Renew Policy Witho...

What Are The Three Types Of Term Coverage Ava...

Level - Benefit Remains The Same Increasing ...

What Is A.R.T. Insurance?

Annually Renewable Term Insurance. Premium ...

Chapter One: Aflac Insurance Exam

Cards: 28| Attempts: 0| Last updated: Sep 22, 2015

Definition Of Endow

To Furnish With Income; Especially To Make A ...

Definition Of Dividend

An Individual Share Of Something Distributed;...

Definition Of Estate

The Assets And Liabilities Left By A Person A...

Definition Of Taxable Estate

A Tax In The Form Of A Percentage Of The Taxa...

Indiana Insurance Adjuster Exam "What Is Insurance"

Cards: 18| Attempts: 0| Last updated: Sep 22, 2015

Is An Economic Device Utilized By Individuals...

Insurance

A Company Offering Insurance.

Insurer

The Individual Or Entity Purchasing The Insur...

Insured

A Good Risk Selection Is One Where The Profit...

Underwriting

Insurance Exam

Cards: 95| Attempts: 0| Last updated: Sep 18, 2015

Which Broad Form Policy Provides Broad Covera...

HO2

Which Special Form Provides Open Peril Covera...

HO3

Which Contents Broad Form Insures Tenates, It...

HO4

Which Comprehensive Form Provides Open Peril ...

HO5