LOMA 291 EXAM BUNDLE (COMPLETE PACK) QUESTIONS & ANSWERS 100% ACCURATE!!

Stakeholders (consituents) - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent. Dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors. Stockholder - ANSWERWe stockholders expect the c...

Omnichannel distribution - ANSWERA form of distribution that enables personalized sales to customers through multiple, integrated communication channels. Common ways to engage with customers - ANSWER- Face to Face - Phone - Direct Mail or Email - Online - Print and Broadcast Media - Worksite...

idea screening - ANSWERAn activity in which a team quickly and inexpensively evaluates new product ideas to separate workable ideas from those that have little or no potential. comprehensive business analysis - ANSWERAn evaluation of all the factors that are likely to affect the design, productio...

At a typical insurance company, which of the following areas are part of financial operations? Choose all that apply. a. Accounting and financial reporting b. Treasury operations c. Information technology d. Investment operations e. Internal audit - ANSWERA, B, D, & E- All of these areas—exce...

Marketing - ANSWERMarketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. Marketing plan - ANSWERA written document that states the marketing goals for a...

controller - ANSWERdirects the accounting and financial reporting function financial accounting - ANSWERThe field of accounting that focuses primarily on reporting a company's financial accounting information to meet the needs of the company's external stakeholders. premium taxes - ANSWERper...

stakeholder - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent. dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors. financial professional - ANSWERIn insurance sales, any individu...

suitability - ANSWERThe process of determining whether a particular insurance or annuity product is an appropriate purchase for an applicant based on the applicant's needs and financial condition. best interest standard - ANSWERA legal requirement that recommendations must only consider the cons...

claim administration - ANSWERThe insurance function that is responsible for evaluating, processing, and paying valid claims for contractual benefits that policyowners or beneficiaries present. Also known as claim adjudication, claim handling, claim processing, or claim servicing. interpleader - A...