RMIN 4000 UGA- Brown- exam 2 (chapter 5 only) Questions and Answers New (2024/2025) Solved 100% Correct
7 views 0 purchase
Course
RMIN 4000 UGA- Brown
Institution
RMIN 4000 UGA- Brown
distribution- independent agency - usually represents several unrelated insurers
agents are paid a commission which varies by the line of insurance
the agency owns the expirations or renewal rights to the business
agents may be authorized to adjust small claims and may provide loss control servi...
distribution- independent agency - usually represents several unrelated insurers
agents are paid a commission which varies by the line of insurance
the agency owns the expirations or renewal rights to the business
agents may be authorized to adjust small claims and may provide loss control services to their insurers
large brokerage firms - very important in commercial P&C coverage
may have knowledge of highly specialized insurance markets
may provide risk management and loss control services
insurance blinders - provide temporary insurance until the policy is actually written, can typically
be provided by property and casualty (P&C) agents, life insurance agents usually have no authority to
issue blinders
direct writer - an insurer in which the salesperson is an employee of the insurer, not an
independent contractor
employees are usually compensated on a "salary plus" arrangement
jake from statefarm type deal
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 ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.