Cisr agency operations - Study guides, Class notes & Summaries

CISR Agency Operations Self Quiz

Which one of the following best describes actual authority? - Answer-When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Answer-Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - Answer-thical behavior encourages governmental regulation Which one of the following ...

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...

CISR Agency Operations Exam Questions With 100% Correct Answers Which one of the following best describes actual authority? - answerWhen the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - answerLoyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - answerthical behavior...

Agency Characteristics - Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency - Require staff to fill multiple roles. Mid-Sized Agencies - Staff may be split Large agencies - More Specialization in single lines. single or multiple locations - The number of locations will affect how an agency communicates and informs. It may also mean that some functions of the agency may be centralized. ...

CISR Agency Operations Exam Questions And Answers 2023

Types of Stakeholders - ANSWER managers and employees customers insurers vendors industry associations government Transfer - ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - ANSWER Active: when a customer knows before the loss that they are responsible for all or part of the loss Passive: Whoops! when a client finds out after a loss occurs that ...

CISR Agency Operations Self Quiz -

CISR Agency Operations Self Quiz - Q&A solved

Which one of the following best describes actual authority? - When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - thical behavior encourages governmental regulation Which one of the following best describes a con...