This class was created by Brainscape user Sara H. Visit their profile to learn more about the creator.
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Sara H
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Decks in this class (11)
Chapter 1: Material Information
What does the role of the underwr...,
What elements does a contract nee...,
What does caveat emptor mean 3
32
cards
Chapter 2: Underwriting Procedures
Define new business declarations 1,
Define statement of fact 2,
Define quotations 3
36
cards
Chapter 3: Insurance Policies
What is the parol evidence rule 1,
Define scheduled form 2,
Define policy schedule 3
24
cards
Chapter 4: Renewals and Cancellation
Why is a renewal date important 1,
Why are insurer keen to encourage...,
Define renewal notice 3
14
cards
Chapter 5: Insurance Products: Personal Insurances
Define motor insurance 1,
What are the four levels of motor...,
What does rta only cover cover 3
31
cards
Chapter 6: Insurance Products: Commercial Insurances
What is standard fire cover in a ...,
What special perils can be added ...,
Following the riot compensation a...
31
cards
Chapter 7: Related Services
Define helplines 1,
Which lines of insurance may have...,
Whyw ould a helpline not be sprem...
16
cards
Chapter 8: Underwriting Considerations
What are the general steps of the...,
What are specific underwriting co...,
What are specific underwriting co...
23
cards
Chapter 9: Establishing the Price: Rating Factors
What is operational data 1,
What is data for underwriting man...,
What is board level data 3
15
cards
Chapter 10: Establishing the Price: Pricing Factors
Define risk premium 1,
Define frequency 2,
Define severity 3
27
cards
Chapter 11: Managing Exposure
Define soft market 1,
Define hard market 2,
What can lead to a shorterning of...
12
cards
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IF3
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