When looking for minimum coverage and the lowest price ________ distribution system is the best.
Managing General Agents.
When you pass the required State test, you get a Insurance ________, to sell insurance.
The party that gives the agent authority to act on its behalf.
premium collection is generally used for personal insurance policies and small commercial accounts
A non admitted, and non standard insurer is typically a(n)
An unfair trade practice for a lender to require that a borrower purchase insurance from the lender or from any insurance producer recommended by the lender
Also known as agent groups, agent cluster, and alliances
The laws of agency impose all of the specific duties listed on all agents except apparent authority.
The scope of an agent's authority can go beyond the terms of the agency contract and may include authority to perform other tasks customary to the agency relationship
Authority that is granted specifically to an agent
Down
Insurers that are licensed in other states.
__________ advertising means making misleading statements insurance policies
________ marketing systems use more than one distribution channel
The way an agent gets paid for sales
The efficient way to handle claim reporting and billing inquiries?
The functions of a ________ is to prospect, sale, collect payment and issuance policies.
In the legal relationship known as agency, which one of the following is the principal
A report detailing the insured claim history
Shop among insurers to find the best coverage and value for the clients.
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