A producer represents - Study guides, Class notes & Summaries

Xcel Solutions Final Exam - Michigan Life and Health Exam Questions And Answers Shawn, Mike, and Dave are brothers who have a $100,000 "first to die" joint life policy covering all three of their lives. If Mike dies first, the policy proceeds A.) Will no longer provide insurance protection B.) Will go to Mike's estate C.) Will be divided by probate D.) Will not be paid until the last brother dies - ANS A.) Will no longer provide insurance protection Susan is insured through h...

XCEL Life Underwriting & Annuities Questions and Answers Already Passed Which of the following statement is CORRECT about an agent who is taking an insurance application? The agent should have the applicant initial any changes made on the application Agent J takes an application and initial premium from an applicant and sends the application and premium check to the insurance company. The insurance company returns the check back to J because the check is made out to J instead of the insurance ...

AINS 101 Exam; Questions and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Correct answer Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Correct answer Contr...

Casualty Producer NJ- Exam Questions with correct Answers Powers and duties of Commissioner Conduct research Make reasonable rules and regulations Issue orders and notices Issue insurance licenses and certificates of authority Impose penalties Approve insurance policy forms and rates Amount of days notice before hearing 10 Retrocession When a reinsurer transfers risks it has accepted to another insurer Producers can be Agents, brokers or both Insurance agent a licensed ...

AINS 101 | 112 Questions and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - Contract of adhesion Which o...

Health Insurance (Exam FX) Latest Update Graded A+ Agent/Producer A legal representative of an insurance company Broker An insurance producer not appointed by an insurer and whom represents the client Insured A person covered by an insurance policy Insurance policy A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal Insurer, company who issues insurance polic...

Solution Manual for Managerial Economics and Business Strategy 10th Michael Baye, Jeff Prince 1. This situation best represents producer-producer rivalry. Here, Southwest is a producer attempting to steal customers away from other producers in the form of lower prices. 2. The maximum you would be willing to pay for this asset is the present value, which is 3. a. Net benefits are N(Q) = 20 + 24Q – 4Q2 . b. Net benefits when Q = 1 are N(1) = 20 + 24 –...

AINS 101 | 112 Question with 100 % correct answers | Verified| Updated Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Contract of a...

Agent/Producer : A legal representative of an insurance company Broker : An insurance producer not appointed by an insurer and whom represents the client Insured : A person covered by an insurance policy Insurance policy : A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal : Insurer, company who issues insurance policies 2 | P a g e Policyowner : The person e...

Test Bank for Marketing, 20th Edition, William M. Pride, O. C. Ferrell   True / False 1. Marketing consists primarily of selling and advertising. a. True b. False ANSWER: False 2. The broadest and simplest definition of marketing states that it is the development and efficient distribution of products for consumer segments. a. True b. False ANSWER: False 3. Customers are the focal point of all marketing activities. a. True b. False ANSWER: Tru...