C16 Application and Narrative
Questions Chapter 7 -
Intermediaries Comprehensive
Questions (Frequently Tested) and
Complete Solutions Graded A+
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Insurance companies are typically either direct writers or broker
markets - Answer: Insurance companies are typically either direct
writers, which use no intermediaries to distribute their products
but rather sell directly to the public, or they are broker markets,
, which use intermediaries (that is, brokers) in the transaction
between the insurer and the insured.
different types of agents - Answer: company employed: working
at dgig on a salary basis for ex/ call centre
independant agent: ex : desjardins independant agent offices ...
insurer doesnt have control over hiring at indep agent office
captive agent or exclusive agent : usually has business with 1
insurer however, if the insurer declines, they can place business
elsewhere .. exclusive contracts prohibit this .. similar to indep
agent
subagent : hired by the agent ex. staff working in an indep
desjardins agent office
Why is it important for an insurer to know about the producer's
corporate structure? - Answer: It is not unusual for insurers to
provide capital to a producer. Therefore, the insurer needs to
know whether a producer it does or is considering doing business
with depends on another insurer for any part of its capital.
Questions Chapter 7 -
Intermediaries Comprehensive
Questions (Frequently Tested) and
Complete Solutions Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic Support
Helping Students Achieve Academic Excellence
Insurance companies are typically either direct writers or broker
markets - Answer: Insurance companies are typically either direct
writers, which use no intermediaries to distribute their products
but rather sell directly to the public, or they are broker markets,
, which use intermediaries (that is, brokers) in the transaction
between the insurer and the insured.
different types of agents - Answer: company employed: working
at dgig on a salary basis for ex/ call centre
independant agent: ex : desjardins independant agent offices ...
insurer doesnt have control over hiring at indep agent office
captive agent or exclusive agent : usually has business with 1
insurer however, if the insurer declines, they can place business
elsewhere .. exclusive contracts prohibit this .. similar to indep
agent
subagent : hired by the agent ex. staff working in an indep
desjardins agent office
Why is it important for an insurer to know about the producer's
corporate structure? - Answer: It is not unusual for insurers to
provide capital to a producer. Therefore, the insurer needs to
know whether a producer it does or is considering doing business
with depends on another insurer for any part of its capital.
