Match the descriptions with their terms:
-An insurer organized as a nonprofit company owned by its policy holders is a/an _________________.
A) American Agency System
B) assessable policy
C) attorney-in-fact
D) direct response
E) direct writer
F) exclusive agent
G) factory mutual
H) farm mutual
I) fraternal carrier
J) general agent
K) general insurance
L) general writing mutual
M) Guaranty funds
N) interinsurance exchange
O) involuntary coverage
P) life and health insurance
Q) Lloyd's Association
R) Lloyd's of London
S) mass merchandising
T) mutual company
U) participating and deviating
V) personal coverages
W) private insurance
X) stock company
Y) surplus line market
Z) Syndicates
Correct Answer:
Verified
Q33: Match the descriptions with their terms:
-A party
Q34: Match the descriptions with their terms:
-A type
Q35: Match the descriptions with their terms:
-A channel
Q36: Match the descriptions with their terms:
-A type
Q37: Match the descriptions with their terms:
-An insurer
Q39: Match the descriptions with their terms:
-A mutual
Q40: Match the descriptions with their terms:
-A mutual
Q41: Match the descriptions with their terms:
-An insurance
Q42: Match the descriptions with their terms:
-A method
Q43: Match the descriptions with their terms:
-A nonprofit
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