STOCK VS MUTUAL | PRIVATE & GOVERNMENT INSURERS | INSURERS | MARKETING DISTRIBUTION SYSTEMS | MARKETING DISTRIBUTION SYSTEMS |
---|---|---|---|---|
STOCK
WHICH COMPANY IS OWNED BY STOCKHOLDERS?
|
TRUE
TRUE OR FALSE? FEDERAL GOVT PROVIDES SOCIAL INSURANCE PROGRAMS TO COVER RISKS THAT PRIVATE INSURERS CAN'T OR WON'T INSURE
|
CERTIFICATE OF AUTHORITY
ALLOWS AN INSURER TO TRANSACT BUSINESS IN A SPECIFIC STATE
|
TRUE
TRUE OR FALSE. CAPTIVE AGENCY SYSTEM REPRESENTS ONE PARTICULAR INSURER IN A GEOGRAPHICAL AREA.
|
TRUE
TRUE OR FALSE. INTERNET INSURANCE SALES SYSTEM OFFERS MANY LINES OF INSURANCE COVERAGE AND CAN BE PURCHASED ONLINE
|
MUTUAL
WHICH COMPANY SELLS PARTICIPATING POLICIES?
|
SERVICEMEMBERS GROUP LIFE INSURANCE (SGLI) AND TRICARE
WHICH INSURANCE PROGRAMS ARE AVAILABLE TO THE MILITARY AND THEIR FAMILIES?
|
AUTHORIZED OR ADMITTED
INSURERS WHO MEET FINANCIAL REQUIREMENTS AND ARE APPROVED TO TRANSACT BUSINESS IN THE STATE ARE CONSIDERED WHAT?
|
TRUE
TRUE OR FALSE. INDEPENDENT AGENCY SYSTEMS REPRESENT VARIOUS INSURERS
|
TRUE
TRUE OR FALSE. FRANCHISE MARKETING SYSTEMS PROVIDE INSURANCE TO GROUPS TOO SMALL TO MEET REQUIREMENTS OF A GROUP POLICY
|
MUTUAL
WHICH COMPANY HAS HIGHER PREMIUMS?
|
FLOOD INSURANCE FOR CATASTROPHIC LOSSES
THE (NFIP) NATIONAL FLOOD INSURANCE PROGRAM PROVIDES HELP FOR WHAT?
|
FOREIGN INSURER
COMPANY WHO OPERATES IN A STATE OTHER THAN WHERE THEY DO BUSINESS.
|
TRUE
TRUE OR FALSE. MANAGING GENERAL AGENT SYSTEM RECRUITS, HIRES, TRAINS AND SUPERVISES OTHER PRODUCERS THROUGH CONTRACTUAL AGREEMENTS.
|
TRUE
TRUE OR FALSE. FRANCHISE MARKETING SYSTEMS REQUIRE INDIVIDUAL UNDERWRITING
|
STOCK
WHICH COMPANY PAYS TAXES ON DIVIDENDS?
|
BANK DEPOSITS
THE FCIC AND FDIC PROVIDES HELP FOR WHAT?
|
ALIEN INSURER
COMPANY WHO OPERATES IN A COUNTRY OTHER THAN WHERE THEY DO BUSINESS.
|
TRUE
TRUE OR FALSE. DIRECT RESPONSE SYSTEM IS DIRECT SELLING METHODS IN MASS MEDIA, MAGAZINES, NEWSPAPERS, TV,ETC.
|
TRUE
TRUE OR FALSE. BROKERS DO NOT HAVE BINDING AUTHORITY
|
MUTUAL
WHICH POLICY IS NOT OWNED BY STOCKHOLDERS?
|
THE GOVERNMENT
WHO IS THE LARGEST INSURER IN THE WORLD?
|
DOMESTIC
COMPANY THAT OPERATES IN THE SAME STATE THEY DO BUSINESS
|
TRUE
TRUE OR FALSE. DIRECT WRITING COMPANIES OWNS BUSINESS WRITTEN AND DO NOT OWN POLICY EXPIRATIONS AND HAVE A CHOICE OF MOVING THE POLICY.
|
DIRECT RESPONSE MARKETING
WHICH MARKETING SYSTEM HAS LOW PREMIUMS AND LOW BENEFITS?
|