Insurance Fundamentals: Rapid Fire

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What this video covers

  • How risk, exposure, peril, and hazard differ, using the loose stair tread and fall example
  • How pooling, adverse selection, and underwriting relate to insurance risk
  • What offer and acceptance, consideration, competent parties, legal purpose, and insurable interest mean for contract formation
  • How aleatory, unilateral, conditional, and adhesion describe insurance contracts
  • How to distinguish the policyowner, insured, and beneficiary
  • How stated benefits, fixed indemnity, disability income, and expense reimbursement differ
  • How to calculate an expense reimbursement benefit using eligible expenses, a deductible, and cost sharing

Read the full lesson, free

This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Life and Health course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.

Read the Free Lesson โ†’ free ยท no signup wall