100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
CIC AGENCY MANAGEMENT 2024 LATEST UPDATE COMPLETE QUESTIONS ANDVERIFIED CORRECT ANSWERS EXAM PRACTICES CERTIFIED STUDY GUIDE GRADE A+ GET IT RIGHT $15.99
Add to cart
COMPLETE QUESTIONS ANDVERIFIED
CORRECT ANSWERS EXAM PRACTICES
CERTIFIED STUDY GUIDE GRADE A+ GET IT
RIGHT
An agency uses its value statement to accomplish several
goals - (correct answer)
1. Communicate the agency's core principles to shape its
direction and organizational goals
2. Focus on aspirations and behavioral issues that matter
most to the agency's leadership
3. Define the standards of conduct and expectations for
all agency members
,4. Communicate these statements orally, written, and
electronic form
Value statement answers the questions - (correct
answer) Who we are?
What we are?
How we do it?
An example of a value statement - (correct answer)
The smith Agency values helping local businesses
succeed
An agency's vision statement should - (correct answer)
1. Communicate a clear picture of what an agency is
trying to achieve
2. Identifies characteristics that:
-reflect the long-range goals of the agency's
policyholders
-project the view of what the agency aspires to be
,-guide the agency's strategic development
Budget Considerations for growing an agency and doing a
needs assessment - (correct answer) -the specific
talents and skills employees require
-an awareness of gaps, deficiencies, and surpluses within
and across departments
-a determination of how many employees the agency can
afford to hire
-the best time for employees to join the agency
An agency's vision statement answers - (correct
answer) Where do we want to go?
An example of a vision statement - (correct answer)
The vision of the Smith Agency is to be a fully employee-
owned agency that is recognized as the premier
commercial lines agency in the region
, An agency's mission statement should - (correct
answer) -provide a clear statement of an agency's
purpose and focus
-Identify characteristics that are broadly stated in terms
of service, income, and profit
-establish clear growth goals serving its key stakeholders,
clients, and employees
An example of a mission statement - (correct answer)
ABC Agency will provide quality personal and commercial
insurance products to the clients located within our trade
area to help them achieve their financial security goals
Several considerations that contribute to establishing an
agency's goals - (correct answer) -Target market
niches
-Agency personnel and productivity
-Market territory
-Multiple locations
-Marketing and Sales
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MEGAMINDS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.