AINS 91 Practice Exam Review Question with Complete Solutions|2024

One distinguishing feature between independent agency systems and other marketing systems is the... - ️️agency expiration list Foreign Insurer - ️️An insurer licensed to operate in a state but incorporated in another state Domestic Insurer - ️️An insurer doing business in the jurisdiction in which it was incorporated Alien Insurer - ️️An insurer domiciled in a country other than the US Direct Response Marketing System - ️️Greatly reduces compensation costs but has higher advertising costs Agency Expiration List - ️️An agency's most valuable asset (does not belong to insurer) Important consideration when selecting distribution channels - ️️Does the channel capitalize on its core capabilities? Knowledge acquired by the agent is presumed to be.. - ️️knowledge acquired by the insurer Premium collection method used for personal insurance and small commercial accounts - ️️Direct Bill What specifies scope of authority of an agent? - ️️Agency contract