Direct writing insurance companies typically use independent agents to represent them in the sales process.
Correct Answer:
Verified
Q52: Pro-rata reinsurance coverage may be either facultative
Q53: Reinsurance transactions do not occur in life
Q54: When a primary insurer "cedes" coverage to
Q55: The brokerage function does not exist in
Q56: Professional reinsurance companies:
A) engage only in reinsurance
Q58: An agency contract determines the rights and
Q59: In reinsurance, the reinsurer is also known
Q60: Catastrophe reinsurance can be described as a
Q61: What is the relationship between the underwriter
Q62: Many insurers sometimes use loss adjusters who
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