WebCe -
Commercial Lines
101
Exam 2025
Questions and
Answers
, WebCe
What is the underwriter's goal?
To write a book of business in which the actual losses approximate
the expected losses.
Gertrude is going to become an insurance agent. She would like to
work in an agency that represents many different insurance
companies. Gertrude will go to work for a(n)
Independent agency
When a client suffers a loss, MegaInsurers is expected to respond
promptly to settle the resulting claim. Depending on the line of
insurance, claim costs generally consume between 50 and 90
percent of:
The premium dollar.
Anderson Auto Insurance Company has established its rates, and
the rates are deemed to be fair by the insurance regulators in the
states where Anderson does business. Anderson is very concerned
about setting adequate rates because inadequate rates can lead to:
Anderson's insolvency.
What role does a state insurance department play in the regulation
of policy forms?
The state insurance department approves the forms.
Commercial Lines
101
Exam 2025
Questions and
Answers
, WebCe
What is the underwriter's goal?
To write a book of business in which the actual losses approximate
the expected losses.
Gertrude is going to become an insurance agent. She would like to
work in an agency that represents many different insurance
companies. Gertrude will go to work for a(n)
Independent agency
When a client suffers a loss, MegaInsurers is expected to respond
promptly to settle the resulting claim. Depending on the line of
insurance, claim costs generally consume between 50 and 90
percent of:
The premium dollar.
Anderson Auto Insurance Company has established its rates, and
the rates are deemed to be fair by the insurance regulators in the
states where Anderson does business. Anderson is very concerned
about setting adequate rates because inadequate rates can lead to:
Anderson's insolvency.
What role does a state insurance department play in the regulation
of policy forms?
The state insurance department approves the forms.
