Multiple Choice
Match the descriptions with their terms:
-A/An _________________ works for one insurer only.
A) American Agency System
B) assessable policy
C) attorney-in-fact
D) direct response
E) direct writer
F) exclusive agent
G) factory mutual
H) farm mutual
I) fraternal carrier
J) general agent
K) general insurance
L) general writing mutual
M) Guaranty funds
N) interinsurance exchange
O) involuntary coverage
P) life and health insurance
Q) Lloyd's Association
R) Lloyd's of London
S) mass merchandising
T) mutual company
U) participating and deviating
V) personal coverages
W) private insurance
X) stock company
Y) surplus line market
Z) Syndicates
Correct Answer:

Verified
Correct Answer:
Verified
Q53: Match the descriptions with their terms:<br>-A type
Q54: Direct writing<br>A) describes the distribution channel used
Q55: The bulk of property-liability insurance is written
Q56: Match the descriptions with their terms:<br>-A mutual
Q57: Match the descriptions with their terms:<br>-A mutual
Q58: The largest broker in the United States
Q59: Match the descriptions with their terms:<br>-Insurance contracts
Q60: The main factors influencing the distribution channel
Q61: Property insurance generates less premium volume than
Q62: Match the descriptions with their terms:<br>-Coverage required