Who Licensed Insurance Companies Quizlet
Homeowner coverages section i.
Who licensed insurance companies quizlet. Remove debris from the loss reasonable repairs. Read the passage about a family health insurance plan. Loss of use indirect loss homeowners additional property coverages. An insurance company authorized and licensed to transact business in a particular state.
His company is licensed to sell insurance in florida but is based out of munich germany. Learn vocabulary terms and more with flashcards games and other study tools. After this payment the insurance company covered the rest of the costs. A method of dealing with risk by deliberately keeping away from it e g.
Direct writing producers are also called exclusive or captive producers. If you know what type of insurance company you are dealing with you will have a better idea of whether you are getting the best value on your insurance policy. A nonadmitted or unauthorized insurance company has not been authorized to transact insurance business in a particular state. Personal property coverage d.
What is the 25 fee maria s mother paid when maria visited the doctor. If a person wanted to avoid the risk of being killed in an airplane crash he or she might choose to never fly in a plane. On january 27 2008 ryan was using an exercise bike purchased from nusquamcycle when. The insurance company covered the rest of the cost of the visit when maria s mother went to the hospital her family was responsible for paying the first 1 000 of the bill.
A surplus lines broker is used to obtain insurance when authorized or admitted insurance companies cannot provide the coverage. Any consumer can get flood insurance through the nfip. Log in sign up. A ledger or proposal used in the sale of a life insurance policy that shows.
An insurance licensed producer appointed by an insurer to represent that company to present policies on its behalf. Gemutlich insurance was formed under german law but follows all applicable florida laws and possesses a florida certificate of authority to sell their product. Note that some of these carriers only serve limited markets and may not offer a policy that meets your needs. Terms in this set 18.
An insurance company that sells its policies through licensed agents who represent the insurer exclusively rather than through independent local agents who represent several insurance companies. Which type of insurer does eric work for. Naic number company name company address phone number coverage provided who is covered website 19402 aig. Types of insurance insurers and licenses.
When you begin to shop for insurance and consider your options for purchasing an insurance policy you may receive multiple insurance quotes for coverage from different types of insurance companies. Payout deductible co. Other structures coverage c. Types of insurance insurers and licenses.
The authorized company is licensed to conduct business in the state. The commissioner of the office of insurance regulation issued an order prohibiting agent theo from describing himself as a financial planner and senior insurance expert in his advertising materials. Log in sign up.