Multiple Choice
Which of the following statements regarding companies that sell insurance directly to consumers is true?
A) Their insurance agents review the loss claims and file a lawsuit against the negligent party.
B) They hire only Certified Insurance Counselors as their captive agents.
C) Their premiums are generally lower than for companies that sell insurance through agents.
D) They reimburse a higher amount of insurance claims than the companies that sell insurance through agents.
E) Their deductibles are lower than the companies that sell insurance through agents.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The principle of indemnity will prevent:<br>A)the act
Q6: The personal property floater:<br>A)provides either blanket or
Q7: A captive agent typically represents two to
Q8: A personal liability umbrella policy is more
Q10: A house with a replacement value of
Q11: A personal liability umbrella policy typically includes:<br>A)subsidies
Q13: An increase in the amount of the
Q38: A(n) _ agent represents multiple insurance companies.<br>A)
Q54: Which of the following homeowner's policies is
Q73: Section I of a homeowner's insurance policy