Cic agency management - Study guides, Class notes & Summaries

CIC Agency Management Review With Complete solutions Organizational Structures Available to Insurance Agencies - ANSSales Oriented vs Service oriented Large Agencies vs Small Agencies Publicly Traded Vs Privately Held Impact of Federal & State Regulations on Agencies - ANSWhy do we have regulations? -To make sure we keep promises -Interstate Commerce -Consumer Protection -Viable Insurance Marketplace Characteristics of the 5 stages of Agency Growth - ANS(ESSTM) 1. Existence - agency...

CIC Agency Management Exam- All Lessons 2024 Updated Explain the Organizational Structures available to Agencies - Answer -Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - Answer -Licensing Regulations by State Regulators protect the consumer by making a viable insurance marketplace and monitoring interstate commerce Five Stages of Agency Growth - Answer -1 - Existence - Owner does ever...

CIC - Agency Management Questions Solved 100% Correct Budget Considerations for growing an agency and doing a needs assessment - --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 uses its value st

CIC AGENCY MANAGEMENT EXAM 2024 COMPLETE 200 ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS//ALREADY GRADED A+

CIC Agency Management Sales oriented - ANSWER Greater emphasis on sales and competition between employees Service oriented - ANSWER Greater emphasis on satisfying customer Large agencies - ANSWER More employees you have the less crucial each employee More flexibility with vacation and holidays Greater chance required to follow certain federal and state regulations Small agencies - ANSWER Employees play more critical roll Less flexible with time off and vacations Not subject to cert...

CIC Agency Management

Agency 135 - ANSWER-Real Estate Board Agency 48 - ANSWER-Common Interest Community Board Real Estate Board - ANSWER-1. issues regulations that further describe what will be expected of both salespersons and brokers 2. administers the VA Real Estate Transaction Recovery Fund 3. Enforces the provisions of the Virginia Fair Housing Law Common Interest Community Act - ANSWER-- changed condominium law - 9 members appointed by the governor - Ombudsman created to provide assistance to both...

CIC AGENCY MANAGEMENT EXAM QUESTIONS WITH CORRECT ANSWERS

CIC Agency Management - All Lessoons Explain the Organizational Structures available to Agencies - ANSWER Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER Licensing Regulations by State Regulators protect the consumer by making a viable insurance marketplace and monitoring interstate commerce Five Stages of Agency Growth - ANSWER 1 - Existence - Owner does everything, m...

CIC Agency Management Technology utilization Review With Complete solutions Benefits of Technology - ANSi. Increased productivity ii. Customer experience iii. Consistency iv. Employee satisfaction v. Flexibility Way to reach level 5 Optimized Utilization there are 4 steps - ANSi. Build the base ii. Establish the agency way iii. Measure for success iv. Move to the next level Technology review is available some options are: - ANSi. Peer-to-peer recommendations ii. Current venders i...