INS 3103 - study guide chapter 2
INS 3103 - study guide chapter 2 INS 3103
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This 1 page Study Guide was uploaded by Tina Ta on Friday March 11, 2016. The Study Guide belongs to INS 3103 at Mississippi State University taught by Seth Pounds in Fall 2015. Since its upload, it has received 60 views. For similar materials see Principles of Insurance in Business at Mississippi State University.
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Date Created: 03/11/16
Study guide PRINCIPLE OF INSURANCE TEST 2: 35 MC – provide formula sheer Chapter 5: Distinguish between stock and mutual insurance company Who write coverage at Lloyd’s of London Definition of assessment mutual, insurance binder Recognize different marketing system for insurance Surplus lines Recognize and distinguish between insurance agents and insurance brokers from a job responsibility standpoint Captive insurance company Structure of Blue Cross and Blue Shield plans (example) Chapter 6: Function of an actuary What underwriting policies and standards are What and Why underwriters may ask for investigations of an applicant (or insured) What distinguishes between Types of insurance Adjusters Players in reinsurance Reasons for reinsurance Significance of Unearned Premium reserve Calculate surplus share treaty Claims adjuster Sources of underwriting Insurance rate Chapter 7: Calculate policyholder surplus What does where on balance sheet (assets and liabilities) – read B.S in the book to know! Components of loss reserves Income and Expense statement (what goes where, and what does it represent) Calculate loss ratio, expense ratio, combined ratio Definition of loading and why is it used?
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