Cisr agency operatio - Study guides, Class notes & Summaries

Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses

CISR Agency Operations

CISR Agency Operations and Answers(RATED A) Four benefits of ethical behavior - ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues - ANSWER Rating a veh...

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

Agency Characteristics - Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency - Require staff to fill multiple roles. Mid-Sized Agencies - Staff may be split Large agencies - More Specialization in single lines. single or multiple locations - The number of locations will affect how an agency communicates and informs. It may also mean that some functions of the agency may be centralized. ...

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

CISR Agency Operations Self Quiz

CISR AGENCY OPERATIONS EXAM ACTUAL EXAM 100 QUESTIOS AND CORECT DETAILED ANSWERS

CISR AGENCY OPERATIONS EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE