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5 Cards in this Set
- Front
- Back
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Which factor does not have an effect on insurance premium rates |
Producer certificates |
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Any changes to an insurance application must be |
Initialed by the applicant |
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Once the prospect has agreed to purchased the insurance contract what 3 things take place |
The underwriter process begins The app will be submitted and the policy with be issued or declined The producer will deliver the policy to the policy owner |
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Situation where the policy is owned by someone other than the insured |
Third party ownership |
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When group of risks insurer is more likely than the average group to experience loss |
Adverse selection |
