Commercial Lines
The name of Moody's Commercial Lines Agency Management System.
What is AMS360?
This national insurance company's logo is a red Umbrella
Who is Travelers Insurance?
These are the three C's of Surety
What are Character, Capacity and Capital
What is Vatican City?
The entity or person purchasing insurance.
Who is the insured?
This document provides a snapshot of an Insured's insurance program for a third party.
What is a Certificate?
When coverage cannot be placed in the admitted market a broker will work with this type of entity.
What is a Wholesaler or Excess and Surplus Lines?
Health insurance that an employer, union or other organization offers to its members while they are still working.
What is a group health plan?
The entity or person purchasing insurance.
Who is the Insured?
Name for the maximum amount a policy will pay out in one policy period?
What is the General Aggregate?
This type of insurance policy pays out covered claims for workplace injuries.
What is Workers Compensation?
This type of insurance intermediary can bind coverage, issue policies, and sometimes event handle claims, all while acting on behalf of a carrier but without being the carrier itself.
What is a Managing General Agent?
A term indicating we collect premium, keep our revenue and forward the net amount to the insurance carrier.
What is Agency Bill
This is the only state with a one syllable name.
What is Maine?
Insurance Policies are written on an occurrence or a _____ _____ basis.
What is Claims Made?
This type of insurance policy provides additional limits of coverage for a covered claim if the primary policy limits are exhausted.
What is an Umbrella Policy?
This person at the insurance company who evaluates the risk and provides the quotes.
Who is an Underwrier?
A percentage split with the insurance company after the deductible has been met.
What is co-insurance?
The largest ocean on Earth
Who is the Pacific Ocean?
This type of insurance provides coverage for harassment or discrimination.
What is Employment Practices Liability
This line of business provides bodily injury & property damage coverage to third parties.
What is General Liability?
What does CNA stand for?
What is Continental National American?
This is a type of bond which guarantees the completion of a contract.
What is a performance bond?
The Gettysburg Address was delivered by this president.
Who is Abraham Lincoln?
This type of policy provides coverage for mobile equipment.
What is Inland Marine?