Multiple Choice
Match the descriptions with their terms:
-A method of distributing insurance through phone or direct contact by mail without intermediaries is known as _________________.
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
Q45: Match the descriptions with their terms:<br>-An insurer
Q46: Match the descriptions with their terms:<br>-An insurer
Q47: An ethical environment has little effect on
Q48: Match the descriptions with their terms:<br>-A channel
Q49: Private passenger auto as a percent of
Q51: Most turnover among insurers stems from involuntary
Q52: Projected growth rates for insurance demand in
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