TGCS Week 1 pop flashcard

Front

This is a condition or situation that presents the possibility of a loss.

Back

Loss Exposure

Front

This is a person covered by an insurance policy.

Back

Insured

Front

This is a company that sells insurance policies.

Back

Insurer

Front

This is the possibility of loss

Back

Risk

Front

This represents the dates an insurance contract is in force for either 6 or 12 months,

Back

Policy Term

Front

This is a document that explains the rights of the insured and insurer.

Back

Insurance policy

Front

This represents the dollar amount not paid by the insurance company but is shared and paid by the insured in the event of a loss.

Back

Deductible

Front

This represents a coverage that reimburses an insured for rental expenses incurred while their vehicle is being repaired for a covered claim.

Back

Rental Reimbursement

Front

This is an individual who has a contractual agreement with several insurance companies to sell policies on their behalf. They are not employed to these companies but are loyal to them due to this agreement.

Back

Independent Agent

Front

What is The General's fastest growing distribution method?

Back

Internet