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cip c120 - underwriting essentials

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

By: Justin T
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Decks in this class (19)

Study 1: Introduction to Underwriting - Key Terms
Physical hazard,
Reinsurance,
Direct writer
18  cards
Study 1: Introduction to Underwriting - Summary
The three main elements of underw...,
The underwriting function,
Underwriters as an investor of ca...
27  cards
Study 2: Underwriting the Risk: An Overview - Key Terms
Utmost good faith,
Telematics,
Contra proferentem
14  cards
Study 2: Underwriting the Risk: An Overview - Summary
Principles of policy analysis,
Manuscript policies,
The evolution of policy wordings
33  cards
Study 3: Underwriting the Applicant - Key Terms
Additional named insured,
Additional insured,
Named insured
9  cards
Study 3: Underwriting the Applicant - Summary
Aspects of a typical application ...,
Purpose of examining an application,
Importance of who is applying
23  cards
Study 4: Underwriting the Risk: Property - Key Terms
Hazard,
Common hazard,
Subrogation
6  cards
Study 4: Underwriting the Risk: Property - Summary (Part 1)
Cope,
Construction cope,
Occupancy cope
31  cards
Study 4: Underwriting the Risk: Property - Summary (Part 2)
Cope and commercial businesses,
Considerations for the constructi...,
Building age or location construc...
25  cards
Study 5: Underwriting the Risk: Liability - Key Terms
Statute law,
Umbrella policy,
Contributory negligence
18  cards
Study 5: Underwriting the Risk: Liability - Summary
Liability insurance is primarily ...,
Two reasons why liability insuran...,
Premiums for liability insurance ...
32  cards
Study 6: Underwriting the Risk: Automobile - Key Terms
Other automobile,
Lessee,
Risk sharing plan
9  cards
Study 6: Underwriting the Risk: Automobile - Summary
Automobile insurance is the most ...,
Necessity of auto insurance in ca...,
Underwriter s skill and judgement
33  cards
Study 7: Pricing the Risk - Key Terms
Actuary,
Law of large numbers,
Premium
15  cards
Study 7: Pricing the Risk - Summary
A bucket of premium,
Factors for an insurer to conside...,
Insurer expenses
26  cards
Study 8-9: Key Terms
Warranty,
Loss reserve,
Risk management
6  cards
Study 8: Underwriting Relationships - Summary
The benefits of good relationship...,
Underwriters should always behave...,
Underwriters should nurture good ...
23  cards
Study 9: The Underwriting Environment - Summary
The insurer s procedures,
Centralized insurers,
Decentralized insurers
30  cards
Study 1-9: Narrative Practice Questions
The line guide specifies the crit...,
When assessing a risk which gener...,
Briefly explain the difference be...
27  cards

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cip c120 - underwriting essentials

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