Exam (elaborations)
Caib 4 Practise Final Exam.
- Course
- Institution
Caib 4 Practise Final Exam.
[Show more]
Content preview
Caib 4 Practise Final Exam1 ) Owners of your brokerage wish to join an operating affiliation. They want a written
n n n n n n n n n n n n n n n
nreport of their options including your options. - ANS-Salient Points:
n n n n n n n n n
- Loosely Knit
n n
- General Purpose Groups.
n n n
- Clusters.
n
- Common Identity Groups.
n n n
- Services and Support.
n n n
- Exclusivity.
n
- Fees.
n
- Contractual Agreement.
n n
- Financial Strength.
n n
2 ) Your brokerage is looking for a new insurer to represent. As marketing manage,
n n n n n n n n n n n n n n
nwhat characteristics would you evaluate - ANS-Salient points:
n n n n n n n
- Financial strength.
n n
- Marketing Philosophy/ Strategy.
n n n
- Claim Service(History/reputation/ask).
n n
- Underwriting Procedures.
n n
- Location.
n
- Policyholder Services.
n n
3 ) Your CEO is developing a Strategic Plan. She has asked for your guidance. She
n n n n n n n n n n n n n n n
nwould like to know what characteristics the plan should possess. - ANS-Salient Points:
n n n n n n n n n n n n
- Flexible.
n
- Serverable.
n
- Simple.
n
- practical.
n
4 ) While developing marketing strategies, your owner wants to know what options are
n n n n n n n n n n n n n
navailable. What Target marketing Strategies would you suggest.? - ANS-Salient Points:
n n n n n n n n n n
- Undifferentiated.
n
- Differentiated.
n
- Niche.
n
- Custom Marketing.
n n
5 ) While analyzing new insurer documents, the topic of direct Bill is discussed. What is
n n n n n n n n n n n n n n n
ndirect bill and what are the disadvantages of direct bill business. - ANS-Salient Points:
n n n n n n n n n n n n n
- Definition of a direct bill.
n n n n n
- Loss of investment income.
n n n n
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Prose1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now