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Have you ever been asked to explain the purpose of coinsurance or to give an example of how it is applied? If so, you may have developed a good explanation ...
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findarticles.com/p/articles/mi_qa3615/is_200404/ai_n939...
findarticles.com/p/articles/mi_qa3615/is_200404/ai_n9391209/
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She has had several people explain it to her through ISTA (the training schooling) but they have not been able to break it down simple enough for her to understand. Quite frankly I have been an agent for twenty years and I was a teacher for 14 prior to that and I don't know enough about coinsurance to explain it to her.
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en.allexperts.com/q/Property-Casualty-Insurance-1544/Co...
en.allexperts.com/q/Property-Casualty-Insurance-1544/Coinsurance.htm
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One of the toughest tasks facing insurance agents is how to explain coinsurance...why it exists, its purpose and how it works. Here is an explanation that you might find valuable in discussing the purpose of coinsurance with your clients.
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www.iiaba.net/IAMag/NewsViews/060806.html
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Below you'll find more information on the Research Library and "Ask an Expert" service available to IIABA members and VU subscribers: ... The Research Library is the heart and soul of the Virtual University. In this section, we are building ... Insurance Information. This division is further divided into personal lines,
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www.iiaba.net/vu/nonmember/information.htm
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Let me further explain.... Believe it or not, the purpose of co-insurance is to keep things fair for the insurance company. Most consumers and business ...
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wiki.answers.com/Q/Explain_underinsurance_and_the_impli...
wiki.answers.com/Q/Explain_underinsurance_and_the_implications_of_underinsurance
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Coinsurance provisions found in property policies exist primarily to assure that the insurance carrier receives adequate premium for the risk insured.
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www.mynewmarkets.com/article_view.php?id=102293
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Commercial property policies (CPP's) and homeowners' forms widely differ in the application of the coinsurance condition. The coinsurance calculation is the same, but little else applies to both coverage types. ... How NOT To Explain Coinsurance To Clients...
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www.mynewmarkets.com/article_view.php?id=102296
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Second, insurers should make their producers aware of this issue and train them to explain the coinsurance concept to applicants and policyholders in the simplest possible language and with readily understandable examples.
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www.maine.gov/pfr/insurance/bulletins/331.htm
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Agents have a special obligation to properly explain the implications of a coinsurance penalty in regards to his or her client's insurance needs. Most ... Home > Insurance Coverage - General > Lawsuit Filed Against Agent for Failing to Properly Explain Coinsurance Penalt...
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www.floridainsuranceblog.com/2009/06/articles/insurance...
www.floridainsuranceblog.com/2009/06/articles/insurance-coverage-general/lawsuit-filed-against-agent-for-failing-to-properly-explain-coinsurance-penalty/
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