Match the descriptions with their terms:
-The two main branches of insurance are property-liability insurance and _________________.
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
Q43: Match the descriptions with their terms:
-A nonprofit
Q44: Match the descriptions with their terms:
-A mutual
Q45: Match the descriptions with their terms:
-An insurance
Q46: Match the descriptions with their terms:
-Coverage that
Q47: Match the descriptions with their terms:
-Coverage required
Q49: Match the descriptions with their terms:
-Some mutuals
Q50: Match the descriptions with their terms:
-_ are
Q51: Match the descriptions with their terms:
-_ are
Q52: Direct writing
A) describes the distribution channel used
Q53: The American Agency System
A) is doomed because
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