Changes to a policy, such as additional coverages
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Endorsements
An insurance company that conducts business across the U.S.
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National Insurance Company
Defines the tasks the agency must perform or accomplish to achieve a stated
standard; who, what, and when should be identified within the procedure
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Procedure
Those policies which the insurance company is responsible for communicating
directly with the client regarding premium billing, late notices, and notices of
cancellation, etc.
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Direct Billed Policies
The company that accepts the liabilities of another insurance company (the ceding
company, the one that transfers the risk) for a stated premium
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Reinsurance Company
When the insurance company (the ceding company—the primary company that
transfers part of its liability to another company) agrees to transfer (cede) certain
classes of business to the reinsurance company
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Treaty Reinsurance
, The activity of conveying information between two or more individuals; an exchange
of information through verbal communication like speaking or writing, or non- verbal
communication such as listening, visual media, or behavioral cues
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Communication
Selling new coverage to an existing customer
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Selling new coverage to an existing customer
A type of insurance company owned by the policyholders (there are no
stockholders); the goal is to provide insurance at or near the actual cost of doing
business
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Mutual Company
An insurance company operating within the standard market; licensed by the state
with forms and rates regulated; financial condition is monitored by the insurance
department of the state in which they are licensed or domiciled
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Give this one a try later!
Endorsements
An insurance company that conducts business across the U.S.
Give this one a try later!
National Insurance Company
Defines the tasks the agency must perform or accomplish to achieve a stated
standard; who, what, and when should be identified within the procedure
,Give this one a try later!
Procedure
Those policies which the insurance company is responsible for communicating
directly with the client regarding premium billing, late notices, and notices of
cancellation, etc.
Give this one a try later!
Direct Billed Policies
The company that accepts the liabilities of another insurance company (the ceding
company, the one that transfers the risk) for a stated premium
Give this one a try later!
Reinsurance Company
When the insurance company (the ceding company—the primary company that
transfers part of its liability to another company) agrees to transfer (cede) certain
classes of business to the reinsurance company
Give this one a try later!
Treaty Reinsurance
, The activity of conveying information between two or more individuals; an exchange
of information through verbal communication like speaking or writing, or non- verbal
communication such as listening, visual media, or behavioral cues
Give this one a try later!
Communication
Selling new coverage to an existing customer
Give this one a try later!
Selling new coverage to an existing customer
A type of insurance company owned by the policyholders (there are no
stockholders); the goal is to provide insurance at or near the actual cost of doing
business
Give this one a try later!
Mutual Company
An insurance company operating within the standard market; licensed by the state
with forms and rates regulated; financial condition is monitored by the insurance
department of the state in which they are licensed or domiciled
Give this one a try later!
