1.
An individual or business you insure
2.
Agreement to accept coverage and may be effective before a policy is actually issued
3.
Sells, solicits, or negotiates insurance on behalf of the client.
4.
A claim that has been settled or otherwise disposed of by the insurer.
5.
When the insurance company rejects or declines a submission for coverage of insurance.
6.
Process of classification, gathering information, evaluation, and selecting risks, which will provide a profitable spread of business for the insurance company.
7.
The subject of insurance; an individual, a business, or a property.
8.
Written contract of insurance which is issued to the public holder by an insurance company.
9.
An estimate provided by the insurer concerning the price and terms of a policy.
10.
Refusal on the part of the insured or the insurer to renew coverage.
11.
The person to whom or on whose behalf benefits are payable under a policy. Policy holder.
12.
A metric or measure of sales performance calculated by dividing the number of bound polices by the number of quoted policies.
13.
Provision whereby an insured may be required to pay part of a loss.
14.
The exposure for a claim, or single event.
15.
Compensation for actual or potential losses.
