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6 Cards in this Set

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