Insurance Exam Vocabulary Terms
Long Duration Contracts
Contracts, excluding financial guaranty contracts, mortgage guaranty contracts and surety contracts, that fulfill both of the following conditions: (1) the contract term is greater than or equal to thirteen months and (2) the insurer can neither cancel nor increase the premium during the contract term.
Other terms you may be interested in:
Our Insurance Exam Prep Includes...
Hundreds of Insurance Practice Test Questions (that apply to your state)
Insurance Vocabulary Flashcards
Study-Mode & Timed-Exam Mode
2024 Updated Material
User-Friendly On All Devices
1 Week / 1 Month / 3 Month Access
Insurance Exam Tip Videos
Support From Licensed Instructor
Insurance Terms & Glossary
100% Pass Money-Back Guarantee
