Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

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.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
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

Commercial UW AU60

Commercial Underwriting Principles Assgnt 2 of 8

Unfair discrimination Applying different standards or methods of treatment to insureds who have the same basic characteristics & loss potential, such as charging high-than-normal rates for auto insurance applicant based solely on applicant's race, religion, ethnic background.
Termination An insurer's cancellation of a policy during the policy term or nonrenewal of coverage at the end of a policy term.
Declination An insurer's refusal to provide coverage to an applicant who has made a written request to the insurer or its producer, or a producer's refusal to forward such a written request to an insurer.
Notification requirements Regulatory requirements relating to the timing and contents of an insurer's notice to an insured of the declination, termination, and nonrenewal of insurance coverage.
Prior approval An insurance rating law in which the rate and supporting rules must be filed with and approved by the state insurance department before they can be used.
Use and file An insurance rating law in which the rates must be filed with the state insurance department within a specified period after they are put into use.
File and use An insurance rating law in which the insurer must file rates and supporting rules with the state insurance department prior to their use, but the rates can then be used immediately without specific approval.
No-file law An insurance rating law that allows insurers to develop and use rates without having to file with or get approval from the state insurance department.
Deemer provision A law stating that if an insurance regulator does not approve of an insurer's filing within a specified time, the filing is deemed approved.
Cost-based pricing Insurance rating that attempts to identify and control for every variable that has a significant effect in quantifying differences between otherwise identical risks.
Residual market The term referring collectively to insurers and other organizations that make insurance available through a shared risk mechanism to those who cannot obtain coverage in the admitted market.
Created by: lorrainel007
Popular Insurance sets




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:
restart all cards