Insurance Principles and Operations notes
18 notes by 15 users
This GoConqr page gathers a small set of notes on Insurance Principles and Operations, from health and life insurance to contracts and flood insurance. University students and professional candidates can study insurance concepts here, while school students can practice key terms and teachers can find material for lessons. Browse the notes and choose a topic to start with.
Select topic
- Risk and Risk Management17
- Insurance Terminology40
- Principles of Insurance40
- Types of Insurance62
- Types of Insurers and Regulation13
- Insurance Distribution and Intermediaries7
- Insurance Contracts and Policy Provisions35
- Insurance Underwriting and Pricing13
- Life Insurance9
- Health and Disability Insurance11
- Home and Auto Insurance16
- Commercial Insurance13
- Insurance Claims Management18
Notes
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AdBanker 10, 11, 12 ,13, 14, 15 Characteristics of a Disability Income Policy Elimination Period – The elimination period (sometimes referred to as a “time deductible”) is the length of time an individual must be totally disabled and have to wait be...
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INSURANCE 2.The meaning of non-compulsory insurance Non-compulsory insurance is voluntary/the insured has a choice whether to enter into an insurance contract. It is not required by law, but it can provide protection for busine...
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AD Banker Ch 1 Guide + Test Questions 1.Which of the following individuals represents the insurance company when selling an insurance policy? Producer The producer or agent is licensed to represent the insurance company when transacting insurance bus...
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Flood Insurance Flood Insurance Need to Know: Why overland insurance isn't covered Preconditions for strong flood management Options flood insurance Government role in supporting flood inrance 3 key reasons explaining why overland fl...
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Health and Life Insurance Health insurance refers to a group of insurance benefits provided to a living individual as a result of sickness or injury, Health insurance is unique because the benefit is payable to the insured or to a health care ...
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AD Banker Ch 3 Guide + Test Questions
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1: Why Do We Have Insurance? What is Insurance? Insurance addresses people's and business's concerns about the possible financial effects of an unforeseen event, like a fire, or an auto accident. It is also a risk management technique that transf...
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Untitled RISKS AND INSURANCEIntroduction : A risk transfer mechanism -a means by which an individual or commercial organisation will pass on(transfer) the risk that it faces to another party 1.1 Risk and chance: Risk may be de...
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Insurable interest (Financial interest) In order to establish an insurable interest, the applicant must: Face a personal financial loss of the property is damaged or destroyed Have a legitimate financial interest in the property: owner, mortgagee, leasehold...
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Untitled Basic Glossary and Acronyms of Insurance Terms • Risk – The possibility of incurring misfortune or loss. As for the underwriters’ point of view, the risk maybe defined as exposures such as: Person being insured agains...
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Seguros, taxas e impostos For the most part this self-policing approach works well. But occasionally things can and do go wrong, which has forced peer-rental sites to take steps to protect themselves and their users. Airbnb suffered a rash of ...
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Fundamental principles of contracts CALC Offer and acceptance (agreement) In the insurance contract, the offer is made by the proposed insured. The acceptance occurs when the policy is issued. Consideration The exchange is something of value by b...
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Insurance Policy - creado desde un Mapa Mental Is a contract designed to meet specific needs between parts of an Insurance Contract Insurer Insured pays for damages To the insured in exchange for payment Caused by covered perils under Policy Language known as the ...
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C130 Exam Review Name three types of risk: Personal risks - chance of loss arising from a person’s own bodily injury/loss of life/or loss of income Property risks - chance of loss arising from the destruction of or damage to pro...
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Untitled - created from Mind Map Purpose Features Benefits
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Untitled Under a fixed period option (also called period certain) a specified period of years is selected, equal installment are paid to the recipient. Both the principal and interest will be liquidated over a selected p...
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A3: Insurance & risk management - created from Mind Map Protect physical assets Protect earnings & profit potential Protect financial transactions
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Extended coverage endorsement (EC) Did not increase the amount of the coverage, rather than broaden the perils insured against Riot Explosion Vehicle Civil commotion Smoke Hail Aircraft Wind Vandalism and malicious mischief (VMM)
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About insurance principles and operations notes
GoConqr OriginalInsurance Principles and Operations notes
These user-made notes cover several parts of the unit. Health and Life Insurance introduces health insurance benefits, while Flood Insurance includes flood management and the role of government. Other notes cover insurable interest, disability income policies and the principles of contracts.
Choose a note and study
If you want an introduction, start with the note on why people have insurance. It discusses insurance as a way to address the possible financial effects of unexpected events. For a more focused topic, read the note on insurable interest and look at its examples of people with a financial interest in property.
As you read, write down key terms and explain each one in your own words. Return to the note to check your explanation. When you want to test your understanding, switch to a quiz on the unit page; use a mind map when you want to organize connections between ideas. Choose a note and see where it takes you.
Frequently asked questions
Which note is a good place to start?
For an introduction, try the note on why people have insurance. It starts with what insurance is and discusses the possible financial effects of unexpected events. If you are already familiar with that overview, choose a focused topic such as insurable interest or flood insurance.
What topics do the notes cover?
The notes include health and life insurance, flood insurance, insurable interest and contract principles. There is also material on disability income policies and insurance questions with answers. Browse the titles and open a note that matches the topic you are studying or teaching.
Are these notes free to use?
Yes. Every resource listed here is free to open and study, with no account needed. The notes were made by GoConqr users rather than GoConqr. A free account can also save quiz scores and lets you make your own quizzes, mind maps, flashcards and notes.