IC38 HEALTH INSURANCE AGENT EXAM - Study Notes
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- Proximate Cause -
Watch video - A lapse means that the policyholder discontinues payment of premiums
- Prospectus - It is a formal legal document used by insurance companies that provides details about the product
- Agents report - The agent is the primary underwriter
- Premium is the consideration or amount paid by the insured to the insurer for insuring the subject matter of insurance, under a contract of insurance.
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