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RMIN 4000 UGA- Brown- exam 2 (chapter 5 only) Questions and Answers New (2024/2025) Solved 100% Correct $9.49   Add to cart

Exam (elaborations)

RMIN 4000 UGA- Brown- exam 2 (chapter 5 only) Questions and Answers New (2024/2025) Solved 100% Correct

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  • RMIN 4000 UGA- Brown
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  • 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...

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  • September 11, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • RMIN 4000 UGA- Brown
  • RMIN 4000 UGA- Brown
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ACADEMICMATERIALS
RMIN 4000 UGA- Brown- exam 2
(chapter 5 only)

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

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