Skip to main content
Insurance

Ratification

An important concept in the world of insurance is the process of ratification. This is when an agent obtains the power to issue insurance policies by first writing the policy and then seeking approval from the insurance company. Once the company approves the policy, the agent's authority is officially established. It's crucial for agents to understand this process in order to effectively navigate the complex world of insurance.

Related terms

Adverse selection

Understand the meaning and definition of Adverse selection in the context of stock market, trading, and investments.

MORE
IRDA

Understand the meaning and definition of IRDA in the context of stock market, trading, and investments.

MORE
Social sector

Understand the meaning and definition of Social sector in the context of stock market, trading, and investments.

MORE
Business income insurance

Understand the meaning and definition of Business income insurance in the context of stock market, trading, and investments.

MORE
Term Cover

Understand the meaning and definition of Term Cover in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.5 Cr+ happy customers
+91