answersLogoWhite
Ask
Commercial Insurance
Life Insurance
The Difference Between

What is a life cycle policy?

249250251
Answer

Top Answer
User Avatar
Wiki User
2006-05-20 16:13:08
2006-05-20 16:13:08

Systems, processes and procedures are all used by the staff responsible for policy processing. Here, new policy processing includes all functions from new policy data capture, through underwriting and rating to policy issue. Policy maintenance wraps the policy change and endorsement steps and extends to renewal, cancellation, reinstatement etc. Management, statistical and regulatory reporting are components too.

1
0

Related Questions

User Avatar

POLICY CYCLE:Policy cycle is a tool used for analysing the development of the policy item.Problem identificationPolicy formulationAdoptionImplementationEvaluation

User Avatar

Policy life cycle begins with problem definition, and after thorough examination, solutions are suggested. Next is agenda setting where the decision makers and public hold a discussion on the problem as well as the proposed solutions. After sufficient deliberation, the new or amended policy is adopted and implemented. Finally, there is need to evaluate the efficacy of the new policy.

User Avatar

The five steps of the policy cycle are :Agenda settingPolicy formulationPolicy adoptionPolicy implementationPolicy evaluation(agenda setting) (policy adoption) ( policy implementation) (policy evaluation)

User Avatar

What about it? Apply Issued Pay premiums Die death benefits paid.

User Avatar

J.E Broyles has written: 'Dividend policy and the life cycle hypothesis'


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.