IC38 HEALTH INSURANCE AGENT EXAM - Study Notes
Page 13 Of 48
Go to:
- Proximate Cause -
Watch video - Principle of Indemnity implies that insurance will restore the financial situation of the insured to where it was before the event which caused the loss or damage.
- Principle of Indemnity - Watch video
- Free-look period - a policyholder, after taking a policy, has the option of cancelling the it, in case of disagreement, within 15 days of receiving the policy document. Premium less expenses and charges will be refunded
- Subrogation: It is the process an insurance company uses to recover claim amounts paid to a policy holder from a negligent third party.
www.realsoftinfoplan.com