Definitions
GIS
Random
Actuary
Employee Benefits
100

This is defined as the cause of loss

What is a Peril?

100

This is what GammaS.A.I.D. stands for

What is Solutions for Authenticity, Inclusion, and Diversity?

100

This is what BOP stands for

What is a businessowners policy?

100

This is a type of banking name that Online lenders (not regulated)

What is Shadow banking?

100

These products can be purchased to provide financial protection for designated beneficiaries in the event of one’s death.                                                                                                                                               

What is Life Insurance?

200

This is a condition that creates or increases the frequency or severity of loss

What is a Hazard?

200

These are the two official GIS colors

What is Black & Gold?

200

These are the rules that guide underwriters toward consistent decision

What are underwriting guidelines?

200

This is the term used for Average forward rate

What is zero rate?

200

This department in an organization often handles benefits for employees, including compensation, time off, health care insurance, etc.                                                                          

What is the Human Resources department?


300

This refers to the process of selecting and classifying applicants for insurance 


What is Underwriting?

300

This is the name of my chapter

What is Beta Epsilon Chapter?

300

This is a loss reserve that is assigned to an individual claim

What is a case reserve?

300

This is the difference the broker keeps as a fee for creating the market

What is Bid/ask spread?

300

This perk provided by employers usually includes health care and retirement

What is a full time employee benefits package?

400

This refers to the identification and analysis of pure risks faced by an individual or family, and to the selection and implementation of the most appropriate technique(s) for treating such risks

What is Personal Risk Management.

400

This is my title within my chapter

What is the Chapter President?

400

The insurer’s right to recover its claim payment from the responsible party

What is subrogation?

400

This is the name for a type of statistics that uses sample data to make inferences or generalizations about a population

What is inferential Statistics?

400

This formerly popular retirement plan was typically provided for government and public employees                                                                                                                                            

What is a Defined Benefit (DB) Plan/Pension Plan?

500

This is a corporation owned entirely by the policyholders

What is a mutual insurer?

500

Based upon four ideals: friendship, knowledge, integrity, and fidelity

What is the Coat of Arms logo?

500

This “holiday” occurs on April 2 each year to recognize trustees, benefits professionals, etc. for the important role their play in their colleagues’ well-being.                                                  

What is National Employee Benefits Day?


500

These are Secured, unsecured, and Guaranteed

What are the types of loans?

500

This organization processes insurance claims or administers other insurance-related services for a separate entity.                                                                                                                      

What is a third-party administrator (TPA)?

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