Ch1 general insurance - Study guides, Class notes & Summaries
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Ch.1 General Insurance Questions and answers latest update
- Exam (elaborations) • 2 pages • 2024
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Ch.1 General Insurance Questions and answers latest update 
Certificate of Authority 
Permits an insurance company to transact business in this state 
 
 
Marketing and distribution systems used by insurers 
Captive Agency System, General Agency System, Independent Agency System, Direct Writers,Direct Mail/Response 
 
 
Insurance Agencies 
Responsible for recruitment, contracting, training and supporting insurance producers 
 
 
Admitted 
An insurer authorized to do business within the state; co...
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CH1.CMS/MACs, Exam Review Questions and answers, rated A+ EXAM PREDICTION PAPER 2024/25
- Exam (elaborations) • 4 pages • 2024
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CH1.CMS/MACs, Exam Review 
Questions and answers, rated A+ 
What does CMS stand for? - -Centers for Medicare and Medicaid Services 
What does MACs stand for? - -Medicare Administrative Contractors 
What does FIs stand for? - -Fiscal Intermediaries 
What does DHHS stand for? - -Department of Health and Human Services 
What was MACs formerly known as? - -Fiscal Intermediaries or FIs 
Where do the funds for the Medicare program come from? - -payroll taxes paid by employers and 
employees 
Who is ...
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