Multiple Choice
Match the descriptions with their terms:
-Coverage that is written by privately organized groups is called _________________, while coverage that is written by government bodies is known as public insurance.
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
Q36: In spite of extensive promotion, only about
Q37: Match the descriptions with their terms:<br>-A type
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
Q42: The market share of reciprocal and Lloyd's
Q43: Automobile insurance constitutes less than half of
Q44: Match the descriptions with their terms:<br>-Insurance contracts
Q45: Match the descriptions with their terms:<br>-An insurer
Q46: Match the descriptions with their terms:<br>-An insurer