Cic agency management - Study guides, Class notes & Summaries

CIC AGENCY MANAGEMENT 2024 LATEST UPDATE COMPLETE QUESTIONS ANDVERIFIED CORRECT ANSWERS EXAM PRACTICES CERTIFIED STUDY GUIDE GRADE A+ GET IT RIGHT

CIC Agency Management

CIC AGENCY MANAGEMENT - ALL LESSOONS

Explain the Organizational Structures available to Agencies - ANSWER-Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - ANSWER-Licensing Regulations by State Regulators protect the consumer by making a viable insurance marketplace and monitoring interstate commerce Five Stages of Agency Growth - ANSWER-1 - Existence - Owner does everything, must be creative to survive 2 - Survival - m...

Budget Considerations for growing an agency and doing a needs assessment - ANSWER--the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the best time for employees to join the agency An agency uses its value statement to accomplish several goals - ANSWER-1. Communicate the agency's core principles to shape its direction and organizationa...

CIC AGENCY MANAGEMENT EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS//ALREADY GRADED A+

CIC Agency Management Review With Complete solutions Budget Considerations for growing an agency and doing a needs assessment - ANS-the specific talents and skills employees require -an awareness of gaps, deficiencies, and surpluses within and across departments -a determination of how many employees the agency can afford to hire -the best time for employees to join the agency An agency uses its value statement to accomplish several goals - ANS1. Communicate the agency's core principles...

CIC Agency Management Review With Complete solutions (VERIFIED BY EXPERT) Sales oriented - ANSGreater emphasis on sales and competition between employees Service oriented - ANSGreater emphasis on satisfying customer Large agencies - ANSMore employees you have the less crucial each employee More flexibility with vacation and holidays Greater chance required to follow certain federal and state regulations Small agencies - ANSEmployees play more critical roll Less flexible with time off a...

Explain the Organizational Structures available to Agencies - Sales vs. Service Oriented Large Agencies vs. Small Agencies Publicly Traded vs. Privately Held Explain the Federal and State Regulations on Agencies - Licensing Regulations by State Regulators protect the consumer by making a viable insurance marketplace and monitoring interstate commerce Five Stages of Agency Growth - 1 - Existence - Owner does everything, must be creative to survive 2 - Survival - management heavily involved...

CIC Agency Management Review With Complete solutions Types of Agencies - ANS1. Standard lines P&C 2. Personal Lines only 3. Commercial Lines only 4. Non-StandardAuto 5. Life & Health Agency 6. Combination of the above Banks vs. Agencies - ANS1. How much will the agency culture change if your agency is acquired by a bank? 2. Banks are governed by very specific federal and state laws that require them to function in a certain manner. 3. Banks tend to be more formal (in terms of rules, ...