Idaho Health Insurance Accurate Questions & Answers!!
Agen/Producer - ANSWER a person who acts for another person or entitty known as the principal with regard to contractual arrangements with third parties; a legal rep of an insurance company Agent/angency contract - ANSWER a contract that is held between an insurer and an agent/producer, containing the expressed authority given to the agent/producer, outlining the duties and responsibilities to the principal. Applican or proposed insured - ANSWER a person who requests or seeks insurance from an insurer Death benefit - ANSWER the amount paid when a claim is issued against a policy of insurance insurance policy - ANSWER a contract between a policyowner and an insurance who may or may not be the applicant or policyowner insured - ANSWER the person covered by the policy of insurance who may or may not be the applicant or policyowner insurer - ANSWER the company who issues a policy of insurance life insurance - ANSWER a coverage upon a person's life, and granting, purchasing or disposing of annuities policyowner - ANSWER the person who is entitled to exercise the rights and privileges in the policy and who may or may not be the insured premium - ANSWER the money paid to the insurance company for the policy of insurance
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