Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Insurance

keywords

TermDefinition
Insurance Written promise by insurance company to pay money to a person who has suffered a loss
Broker Person who sells insurance for number of different insurance companies. Offers advice, helps people to find best policy.
Agent Works for one insurance company and sells insurance for that company.
Proposal Form Application form for insurance.
Premium Fee paid for insurance.
Policy Document from insurance company and contains all the details about the contract.
Certificate of Insurance Summary of main points of policy.
Cover Note Letter sent by company to prove that insurance is in place.
Renewal notice Reminder from insurance company that the premium for next year is due.
Life Assurance If insured person dies the insurance company will pay a large sum of money to their family. The family will therefore have enough money to pay their bills.
Home Insurance Insurance covers - buildings and contents.
Motor Insurance Third party and comprehensive
No claims bonus Discount for driving carefully.
Personal Insurance Health insurance, salary protection, personal accident, PRSI, travel.
Insurable interest You have an insurable interest if you benefit from having the item and it would cost you money to have it replaced.
Utmost good Faith Answer all questions truthfully and fully.
Indemnity A person can not make a profit from insurance.
Subrogation Example - if your car is damaged and you receive compensation the insurance company becomes the owner of the car.
Contribution If an item is insured with more than one insurance company the compensation is split between the two.
Created by: Lorraine McGrath
Popular Business sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards