Caib 4 Practise Final Exam Questions And Answers

Caib 4 Practise Final Exam Questions
And Answers

1 ) Owners of your brokerage wish to join an operating affiliation. They want a written
report of their options including your options. - CORRECT ANSWER-Salient Points:
- Loosely Knit
- General Purpose Groups.
- Clusters.
- Common Identity Groups.
- Services and Support.
- Exclusivity.
- Fees.
- Contractual Agreement.
- Financial Strength.

2 ) Your brokerage is looking for a new insurer to represent. As marketing manage,
what characteristics would you evaluate - CORRECT ANSWER-Salient points:
- Financial strength.
- Marketing Philosophy/ Strategy.
- Claim Service(History/reputation/ask).
- Underwriting Procedures.
- Location.
- Policyholder Services.

3 ) Your CEO is developing a Strategic Plan. She has asked for your guidance. She
would like to know what characteristics the plan should possess. - CORRECT
ANSWER-Salient Points:
- Flexible.
- Serverable.
- Simple.
- practical.

4 ) While developing marketing strategies, your owner wants to know what options are
available. What Target marketing Strategies would you suggest.? - CORRECT
ANSWER-Salient Points: