Multiple Choice
Match the descriptions with their terms:
-A type of insurance policy in which policyholders may be asked to contribute to losses in addition to paying premiums is a/an _________________.
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
Q32: Match the descriptions with their terms:<br>-A method
Q33: Lloyd's of London specializes in the surplus
Q34: In 2002 what percent of property-liability insurance
Q35: Only about 15 percent of all property
Q36: In spite of extensive promotion, only about
Q38: Most insurance sold in the United States
Q39: Mass merchandising<br>A) is the same as direct
Q40: The American Agency System<br>A) is doomed because
Q41: Match the descriptions with their terms:<br>-Coverage that
Q42: The market share of reciprocal and Lloyd's