Insurance companies are really a composite of three companies. Which of the below is NOT one of these three components?
A) There is the component referred to as "home office" or actual insurance company that designs the insurance contract and provides the backing for the financial guarantees on the contract.
B) There is the investment component that invests the premiums collected in the investment portfolio.
C) There is the distribution component or the sales force.
D) There is the bank assurance component that assures that banks are paid off.
Correct Answer:
Verified
Q1: Which of the below is TRUE of
Q3: The general account of an insurance company
Q4: Which of the following statements about monoline
Q5: Until the past decade, the major type
Q6: The risk insured by _ is insurance
Q7: For _, the risk insured against is
Q8: Among the major types of products distributed
Q9: Which of the below is TRUE of
Q10: Traditional cash value life insurance, usually called
Q11: Which of the below statements is FALSE?
A)
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