Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
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

TermDefinition
principle of indemnity states that the insured cannot gain from making an insurance claim
principle of contribution if a risk is insured by two or more imsurance companies, any compensation payable will be shared between the companies
principle of subrogation passes the legal right of the insured to recover any loss suffered over to the insurer
actuary the insurance person who calculates the premium to be paid
policy document an insurance document that gives full detail of the cover being given
assesor the person who calculates the compensation to be paid
underinsurance if something is not insured for its full market value, then the compensation paid in the event of a partial loss is scaled down accordingly, e.g. if a house valued at 200,000 is insured for 100,000 is only insured for half its value
excess clause where the insured, in return for a reduction in the
Created by: renee19