Multiple Choice
Direct writing:
A) describes the distribution system used by independent agents and brokers in the property/liability area
B) is used only by life insurers
C) is an expensive way to distribute insurance to high income people
D) describes a system of insurance company distribution using employee/agents
Correct Answer:
Verified
Correct Answer:
Verified
Q42: All the following are true about underwriting
Q43: ET Insurance Company cedes to MJ Insurance
Q44: The insurance company accountant must apply what
Q45: An agency contract determines the rights and
Q46: In Jason's agency contract, the insurer authorizes
Q48: Monah Lott is an agent for Mutual
Q49: Pro-rata reinsurance:<br>A) commits the reinsurer to pay
Q50: Why is the power to bind life
Q51: Which of the following was not listed
Q52: The independent agency system:<br>A) is doomed because