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CISR: Agency Operations| 100 Questions| Accurate Answers| Verified

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CISR: Agency Operations| 100 Questions| ATypes of Stakeholders - ANSWER managers and employees customers insurers vendors industry associations government Transfer - ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financi...

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CISR Agency Operations Self Quizzes and Answers(Latest Update 2024)

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CISR Agency Operations Self Quizzes and Answers(Latest Update 2024) Which one of the following best describes actual authority? - ANSWER When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance ag...

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CISR Agency Operations and Answers(RATED A)

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CISR Agency Operations and Answers(RATED A) Four benefits of ethical behavior - ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and comp...

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CISR Agency Operations| 265 Questions| 100% Accurate

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CISR Agency Operations| 265 Questions| 100% Accurate Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - ANSWER a system or set of moral principles or prac...

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CISR Agency Operations Complete Questions and Answers!!! CISR Agency Operations

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CISR Agency Operations Complete Questions and Answers!!! CISR Agency Operations What does an agency gain by requiring their employees to behave ethically? - ANSWER The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeho...

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CISR - Agency Operations Questions and Answers(RATED A)

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CISR - Agency Operations Questions and Answers(RATED A) Account Current Satment - ANSWER Definition A report submitted to the insurance company by the insurance agency which gives an accounting of the policies billed and shows the gross premium, commission, and net premium due Selling new c...

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CISR - Agency Operations - Section 2 100% Accurate

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CISR - Agency Operations - Section 2 100% Accurate values statement - ANSWER defines heart of the organization, core priorities & behaviors. "what we stand for" vision statement - ANSWER specifies current and future goals of the agency mission statement - ANSWER action statement that d...

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CISR - Agency Operations - Section 1 2024 Latest Update!!

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CISR - Agency Operations - Section 1 2024 Latest Update!! benefits of ethical behavior - ANSWER 1. public trust & confidence gained. 2. government regulation avoided 3. enhanced credibility 6 steps in ethical decision making - ANSWER 1. define problem 2. seek resources 3. brainstorm solution...

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CISR - Agency Operations - Section 3 Latest Update 2024!!

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CISR - Agency Operations - Section 3 Lateststock company - ANSWER owned by stockholders with a goal or proftting them mutual company - ANSWER Insurance company owned by its policyholders - NO STAKEHOLDERS reciprocal exchange - ANSWER unincorporated group of individuals who mutually insure one ...

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CISR - Elements of Risk Management Complete Questions and Solutions

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CISR - Elements of Risk Management Complete Questions and Solutions A ____ is a cause of loss - ANSWER peril A situation, behavior, or condition that may lead to adverse financial consequences - ANSWER exposure A cyberattack is an example of a ____ - ANSWER peril An Insured who shows no ...

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