Agent/Producer
Broker
Insured
Principal
Policyowner
Premium
Reciprocal
Risk
Pure Risk
Speculative Risk
Hazard
Physical Hazard
Moral Hazard
Morale Hazard
Peril
Loss
Sharing
Transfer
Avoidance
Retention
Reduction
Law of Agency
Express Authority
Implied Authority
Apparent Authority
Fiduciary Responsibility
Elements of a Legal Contract
Offer
Acceptance
Consideration
Competent Parties
Legal Purpose
Indemnity
Representations
Misrepresentation
Material Misrepresentation
Fraud
Warranty
Concealment
Coinsurance
Comprehensive Coverage
Copayment
Deductible
Insolvent
Unable to meet financial obligations
Riders
Adverse Selection
Entire Contract
Conditional Receipt
Statement of Good Health
Company Underwriting
Investigative Consumer Report
Medical Information Bureau (MIB)
Preferred Risk
Standard Risk
Substandard Risk
Claim
Lapse
Policy termination due to nonpayment of premium
Provision
Reinstatement
Statute
Grace Period
Proof of Loss
Insuring Clause
Probationary Period
Elimination Period
Benefit Period
Earned Income
Waiver
Waiver of Premium
Social Insurance Supplement (SIS) Rider
Occupational Coverage
Nonoccupational Coverage
Guaranteed Insurability Rider
Waiting Period
Coercion
Domestic Insurer
Foreign Insurer
Alien Insurer
Stock Company
Mutual Company
Fraternal Benefit Society
Reciprocal Insurance Company
Certificate of Authority
Director of Insurance
30 Days
15 Days