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
share
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
Insurance Protection against something that might happen
Proposal form An application form for insurance
Premium The fee paid for insurance
Insurance policy Contains the details of the insurance agreement
Certificate of insurance Proves that an insurance policy exists between the insurer and the insured
Surrender value When you cash out your life assurance early
Material facts The information needed when applying for insurance
Risk How likely it is that the event the insurer has insured for happens
Actuary Someone who calculates risk and premiums
Loading The cost added to the premium because of risk
No claims bonus A discount on premiums because a driver hasn’t taken out a claim
Claim When the insured takes money out of their insurance
Assessor Someone who examines damage/loss when someone makes a claim
Compensation The money received from the insurer to cover costs of something
Average clause The formula to calculate compensation if something is under-insured
Created by: Keilo