Captive - Study guides, Class notes & Summaries

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catas...

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, must be creative to survive 2 - Survival - m...

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

Abandonment - - Insurance company may choose to take damaged property and pay insured the value - Insured CANNOT surrender damaged property to insurance company Active Retention - Identify the loss/risk exposure and really consider the risk itself and all the measures around it. (ex. Should we transfer it, retain it etc.) Admitted (standard or retail) Insurance companies - Regulated by the state, They often must subscribe to rating and form regulations of that state. Agent or Broker - "I...

How are guided missiles classified? According to their range, speed, launch environment, mission, and vehicle type A long-range guided missile can travel what distance? At least 100 miles What missile does not exceed the range capabilities of long-range guns? The short-range guided missile How is the speed capability of guided missiles expressed? In Mach numbers What is a Mach number? The ratio of the speed of an object to the speed of sound in the medium through...

Insurance adjuster exam questions Test bank Final 2023. During a storm, heavy winds cause a tree limb to break and fall onto Paul's house, causing $6,500 in damage. Paul's insurance company now considers his house: - ANSWER A Loss Which of the following best describes a "risk," according to the insurance definition? - ANSWER A potential for financial loss A lion at a zoo escaped when a zoo employee failed to follow protocol. The lion injured a zoo patron. In court, the injured patron...

Boar's Head deli meats is sold in many grocery stores and restaurants, while Archer Farms deli meats is owned by Target and only available there. Boar's Head is a(n) _______________ brand, while Archer Farms is a(n) _______________. captive, manufacturers' captive, private manufacturers', private manufacturers', captive none of the above - manufacturers', private A European dairy that is famous for its rich ice creams has introduced basil, tomato, fennel, and oreganoflavored ice cr...

Premiere Correct Answer December 24, 1871, Opera House, Cairo Egypt Although Verdi did not attend the premiere in Cairo, he was most dissatisfied with the fact that the audience consisted of invited dignitaries, politicians and critics, but no members of the general public. He therefore considered the Italian (and European) premiere, held at La Scala, Milan on 8 February 1872, and a performance in which he was heavily involved at every stage, to be its real premiere. Librettist Correct Ans...

When should lessor register as foreign corp? Within a state ... Good - stock of them Services offered Inspection or repair of property Office/employees Negotiated contracts What is dode of Hammurabi? - 1750 BC - Acknowledges leasing of personal property in his code of laws - First record of leasing law 01:05 01:36 Early examples of true lease? - Phoenicians shipping experts - charters covered economic life of ships - lessee to assume benefits and obligations of ow...

MARK 3321-UTA-Online-Exam 2(Ch7-10) Questions and Answers Already Passed Boar's Head deli meats is sold in many grocery stores and restaurants, while Archer Farms deli meats is owned by Target and only available there. Boar's Head is a(n) _______________ brand, while Archer Farms is a(n) _______________. captive, manufacturers' captive, private manufacturers', private manufacturers', captive none of the above manufacturers', private A European dairy that is famous for its r...