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6 Cards in this Set
- Front
- Back
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Surplus Lines
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Found in property and casualty Insurance. A surplus line broker places insurance with a non-admitted insurer.
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Tax-Defferred
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A term that is used when income is earned on an investment but taxes are postponed until benefit payments.
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Term Insurance
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Insurance that will last for a specific period of time.
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Underwriter
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A person whose job it is to assess risk and determine classification of the insured.
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Unearned premium
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The amount of money the insured paid to the insurer that has not been used to provide coverage for the person.
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Uniform Simultaneous Death Act
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Use when the death of the insured and the primary beneficiary cannot be determined.
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