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

Prospect

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

MORE
Chance of loss

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

MORE
Probate Costs

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

MORE
Renewable term

Understand the meaning and definition of Renewable term 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

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers