Insurer Management & Distribution Flashcards
1
Q
Which insurance company department accepts the insurance risk?
A
Underwriting
2
Q
Deals with the insurer through an exclusive agent
A
Captive agency system
3
Q
Agent is an employee of the insurer
A
Direct writing system
4
Q
An agent that may represent an unlimited number of insurers
A
Independent agency
5
Q
Agents are recruited, trained, & supervised by a general agent who is contracted with the insurance company
A
Career agency system
