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ID A/H/S – Insurance Basics

Perils, Losses, and Benefits
  • Definitions of Perils
  • Types of Losses and Benefits
  • Medical Expense
  • Loss of Income from Disability
  • Long-Term Care Expense
  • Prescriptions
Field Underwriting
  • Underwriting
  • Application Procedures
  • Application Part 1
  • Application Part 2 and Agent’s Report
  • Application Signatures and Changes
  • Conditional Receipt
Company Underwriting
  • Underwriting Criteria
  • Sources of Underwriting Information
  • Paramedical (Paramed) Report
  • Medical Information Bureau (MIB)
  • Inspection Report
  • Medical Examination and APS
  • Consumer Reports
  • HIV Testing
  • Risk Assignment
  • Classifications of Risk
Policy Delivery
  • Backdating
  • Effective Date of Coverage
  • Policy Review
  • Premium Collection Methods

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