Skip to content

Insurance Exam Vocabulary Terms

Credit – Assumption Agreement

An insurance certificate issued on an existing insurance contract indicating that another insurer has assumed all of the risk under the contract from the ceding insurance company.

Our Insurance Exam Prep Includes...

  • Hundreds of Insurance Practice Test Questions (that apply to your state)
  • Insurance Vocabulary Flashcards
  • Study-Mode & Timed-Exam Mode
  • Take Unlimited Tests For 1 Year
  • User-Friendly On All Devices
  • 2024 Updated Material
  • Insurance Exam Tip Videos
  • Support From Licensed Instructor
  • Insurance Terms & Glossary
  • Pass Money Back Guarantee
Reset my Password
OR