C130 (Study 1 - Terms) Essential Skills for the Insurance Broker and Agent Questions with Correct Answers
1 keer bekeken 0 keer verkocht
Vak
Devoted health care
Instelling
Devoted Health Care
insurance Correct Answer-A contract in which one party (the insurer) for monetary consideration agrees to reimburse another (the insured) for loss or liability for a loss on a defined subject caused by specified hazards or perils.
risk Correct Answer-The chance of loss. Specifically, the possibl...
C130 (Study 1 - Terms) Essential Skills for the
Insurance Broker and Agent Questions with Correct
Answers
insurance Correct Answer-A contract in which one party (the insurer)
for monetary consideration agrees to reimburse another (the insured) for
loss or liability for a loss on a defined subject caused by specified
hazards or perils.
risk Correct Answer-The chance of loss. Specifically, the possible loss
or destruction of property or the possible incurring or a liability.
Sometimes referred to as the subject of an insurance contract.
speculative risk Correct Answer-chance of loss or gain; not insurable
intermediary Correct Answer-1. The agent/broker negotiating insurance
or reinsurance contracts for another. 2. Any party representing another
party, in negotiation with a third party.
agent Correct Answer-A person licensed and authorized or employed to
act on behalf of another.
broker Correct Answer-A licensed independent person or firm who acts
on behalf of an insured in placing business with insurance companies.
, Distribution of insurance Correct Answer-Independent Agency,
Independent Brokerage, Exclusive Agency, Direct Writer and Online
and Call Centre
Independent Agency System Correct Answer-A system of marketing
insurance through independent contractors (agents) who sell insurance
on a commission or fee basis with one or more in insurers.
independent brokerage system Correct Answer-A System in which
independent insurance professionals, licenced as insurance brokers, are
contracted to sell insurance on behalf of an insurer or multiple insurers.
Exclusive Agency System Correct Answer-A system of marketing
insurance through licensed agents who represent only one company or a
group of companies under similar management.
direct writer Correct Answer-Insurance company selling directly to the
public and not through independent agents or brokers.
Independent Agent Correct Answer-An agent can only represent one
company and up to three insurers.
Exclusive Agent Correct Answer-An agent who represents and sells for
only one company. Has underwriting and binding authority. Also known
as direct writer agent, direct agent or captive agent.
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper cracker. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €13,72. Je zit daarna nergens aan vast.
