Match the descriptions with their terms:
-_________________ are established to reimburse policyholders for any losses caused by bankrupt insurers.
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
Q46: Match the descriptions with their terms:
-Coverage that
Q47: Match the descriptions with their terms:
-Coverage required
Q48: Match the descriptions with their terms:
-The two
Q49: Match the descriptions with their terms:
-Some mutuals
Q50: 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
Q54: One of the differences between stock and
Q55: In 2002 what percent of property-liability insurance
Q56: Leading states for chartering property-liability insurers include
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents