Insurance terms

October 30, 2007 RENU

  1. actuary- estimates risk for an insurance company
  2. assessor- calculates value of s’thing
  3. claim- request for payment under an insurance policy.
  4. comprehensive- giving total protection, all inclusive
  5. cover- total protection under an insurance policy
  6. insurance broker- middleman who sells insurance policies to clients, operates betn policy holder & insurance company.
  7. liability- risk, anything that can cause insurance policy to take effect
  8. loss adjuster- calculates amount of compensation after a claim is made.
  9. policy- insurance contract
  10. premium- payment for an insurance policy
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Entry Filed under: Business

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