Insurance - Notes - Notes Insurance an agreement in which a...

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Notes Insurance: an agreement in which a person makes regular payments to a company and the company promises to pay money if they person is injured or dies, or to pay money equal to the value of something. Insurance Agent – a person employed to sell insurance policies Insurance Adjuster: one who investigates insurance claims or damages and recommends an effective settlement. Health Insurance: a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured. Workers Compensation: is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment Travel insurance: is insurance that is intended to cover medical expenses, financial
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Unformatted text preview: default or travel suppliers, and other losses incurred while traveling. Home Owners Insurance: It is an insurance policy that includes losses, occurring to one’s home, its contents, loss of use (additional living expense), or loss of other personal possessions of the homeowner. Flood Insurance: coverage against property loss from flooding Automobile Insurance: against property loss from accidents and theft What is a Ponzi Scheme?- The “Ponzi Scheme” named after the 1920’s swindler Charles Ponzi, a ploy or a fraudulent investment operation where earlier investors....
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  • Fall '15
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