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Accelerated benefits ✔✔riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses accident ✔✔an unplanned, unforeseen eve... nt which occurs suddenly at an unspecified place Accidental Death and Dismemberment ✔✔an insurance policy which pays a specified amount or a specified multiple of the insured's benefits if the insured dies, loses sight, or loses two limbs accidental death benefits ✔✔a policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accumulation period ✔✔the time over which the annuitant makes payments or investments in an annuity, and when those payments earn interest tax deferred actual cash value ✔✔the required amount to pay damages or for property lossactual charge ✔✔the amount a physician or supplier actually bills for a particular service or supply actuary ✔✔a person trained in the technical aspects of insurance and related fields, particularly in the mathematics of insurance; a person who determines the mathematical probability of loss adhesion ✔✔a contract offered on a "take it or leave it" basis by an insurer, in which insured's options are to accept or reject adjustable life ✔✔life insurance which permits changes in the face amount, premium amount, period of protection, and the duration of the premium payment period adjuster ✔✔a representative of an insurance company who investigates and acts on the behalf of the company to obtain agreements for the amount of the insurance claim administrator ✔✔an individual appointed by a court as a fiduciary to settle the financial affairs and estate of a deceased personadverse selection ✔✔the tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability agent ✔✔an individual who is licensed to sell, negotiate, or effet insurance contracts on behalf of an insurer aleatory ✔✔a contract in which participating parties exchange unequal amounts alien insurer ✔✔am insurance company that is incorporated outside of the united states ancillary ✔✔additional services provided by a hospital such as x-rays but not hospital room and board expenses annuity ✔✔a contract that provides income for a specified period of years, or for life apparent authority ✔✔the appearance or the assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal createdapplication ✔✔a document that provides information for underwriting purposes approved amount ✔✔the amount Medicare determines to be reasonable for a service that is covered under part B of Medicare assignment (life) ✔✔the transfer of ownership rights of a life insurance policy from one person to another assignment (health) ✔✔a claim to a provider or medical supplier to receive payments directly from medicare avoidance ✔✔a method of dealing with risk by deliberately keeping away from it back end load ✔✔a fee charges at the time of a sale, transfer or withdrawal from an annuity or a life insurance policy basic illustration ✔✔a ledger or proposal used in the sale if a life insurance policy that shows both guaranteed and nonguaranteed elementsbeneficiary ✔✔the person who receives the proceeds from a the policy when the insured dies benefit period ✔✔the length of time over which the insurance benefits will be paid for each illness, disability or hospital stay binder ✔✔a temporary contract that puts an insurance policy into force before the premium has been paid blanket medical insurance ✔✔a policy that provides benefits for all medical costs broker ✔✔an individual who represents an insured in the process of purchasing and negotiating a contract of insurance buy-sell agreement ✔✔a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled capital amount ✔✔a percentage of the principal amount of a policy paid to the insured if he/she suffered the loss of an appendagecarriers ✔✔organizations that process claims and pay benefits in an insurance policy cease and desist order ✔✔a demand of a person to stop committing an action that is in violation of a provision certificate ✔✔a statement that confirms that a policy gas been written and that describes the coverage in general claim ✔✔a request for payment of the benefits provided by an insurance contract coercion ✔✔an unfair trade practice in which an insurer uses physical or mental force to persuade an applicant to buy insurance commingling ✔✔a practice in which a person in a fiduciary capacity illegally mixes his/her personal funds with funds he/she is holding in trust commission ✔✔the payment made by insurers to agents or brokers for the sale and service of policiesconcealment ✔✔the withholding of known facts which can void a contract consideration ✔✔the blinding force in a contact that requires something of value to be exchanged for the transfer of risk COBRA of 1986 ✔✔the law that provides for the continuation of group health care benefits for the insured for up to 18 months if he/she terminates employment or is no longer available contributory ✔✔a group insurance plan that requires the employees to pay part of the premium convertible ✔✔a policy that may be exchanged for another type of policy by contractual provision and without evidence of insurability coordination of benefits ✔✔a provision that helps determine the primary provider in situations where an insured is covered by more than one policy co-pay ✔✔an arrangement in which an insured must pay a specified amount "up front" and the provider pays the remainder of the costcredit life insurance ✔✔a special type of coverage written to pay off the balance of a loan in the event of the death of the debtor deductible ✔✔the portion of the loss that is to be paid by the insured before any claim benefits may be paid by the insurer defamation ✔✔an unfair trade practice in which one agent or insurer makes an injurious statement about another with the intent of harming the person's or company's reputation disclosure ✔✔an act of identifying the name of the producer, representative firm, limited insurance representative, or temporary insurance producer on any policy solicitation domicile of insurer ✔✔an insurance company that conducts business in the state of incorporation effective date ✔✔the date when an insurance policy begins eligibility period ✔✔the period of time in which an employee may enroll in a group health care plan without having to provide evidence of insurabilityelimination period ✔✔a waiting period that is imposed on the insured from the onset of disability until benefit payments begin [Show More]

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