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Exam (elaborations)

CISR Agency Operations Self Questions with Correct Answers 2025

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CISR Agency Operations Self Questions with Correct Answers 2025

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Uploaded on
May 23, 2025
Number of pages
7
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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  • cisr agency operations self questions with correct

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CISR Agency Operations Self Questions
with Correct Answers 2025
WhichGoneGofGtheGfollowingGbestGdescribesGactualGauthority?G-GCORRECTGANSWERG-
WhenGtheGagencyGisGexpresslyGgivenGauthorityGinGtheGagencyGcontract



WhichGoneGofGtheGfollowingGstatementsGbestGdescribesGtheGstandardGofGcareGanGinsuranceGagenc
yGowesGanGinsuranceGcompany?G-GCORRECTGANSWERG-
Loyalty,GgoodGfaith,GreasonableGcareGandGcontractualGduties



WhichGoneGofGtheGfollowingGisGnotGoneGofGtheGfourGbenefitsGofGethicalGbehavior?G-
GCORRECTGANSWERG-thicalGbehaviorGencouragesGgovernmentalGregulation




WhichGoneGofGtheGfollowingGbestGdescribesGaGcontract?G-GCORRECTGANSWERG-
OralGorGwrittenGagreementsGbetweenGtwoGpartiesGthatGcreatesGanGobligationGtoGdoGorGnotGdoGaGp
articularGthing



WhichGoneGofGtheGfollowingGstatementsGbestGdescribesGagencyGstakeholders?G-
GCORRECTGANSWERG-


TheGprimaryGstakeholdersGareGanyGgroupGorGindividualGwhoGisGaffectedGbyGtheGachievementGofGaGf
irm'sGobjective



WhichGoneGofGtheGfollowingGsourcesGofGrevenueGforGinsuranceGagenciesGisGtypicallyGtheGlargestGso
urceGofGincomeGforGtheGinsuranceGagency?G-GCORRECTGANSWERG-Commission



WhichGoneGofGtheGfollowingGstatementsGbestGdescribesGhowGanGagencyGoperates?G-
GCORRECTGANSWERG-


AGlargerGnumberGofGlocationsGmayGmeanGthatGsomeGfeaturesGofGtheGagencyGbeGcentralized



WhichGoneGofGtheGfollowingGisGnotGoneGofGtheGfourGmajorGclassesGofGexposureGtoGloss?G-
GCORRECTGANSWERG-LossGofGuse

, InsuranceGbrokers,GwhoGactGonGbehalfGofGtheGbuyer/client,GdifferGfromGagentsGinGwhatGway?G-
GCORRECTGANSWERG-BrokersGdoGnotGhaveGbindingGauthority




TheGbestGdefinitionGofGactiveGretentionGis:G-GCORRECTGANSWERG-
TheGcustomerGknowsGbeforeGtheGlossGthatGhe/sheGisGfinanciallyGresponsibleGforGallGorGpartGofGtheGl
oss



WhichGoneGofGtheGfollowingGstatementsGregardingGtheGprocessGofGidentifyingGlossGexposuresGisGco
rrect?G-GCORRECTGANSWERG-
AGdocumentGreviewGofGtheGpolicyGisGnotGtheGbestGmethodGbecauseGitGshowsGtheGlimits,GbutGnotGth
eGrisks



WhichGoneGofGtheGfollowingGbestGdescribesGtheGriskGmanagementGprocess?G-
GCORRECTGANSWERG-


RiskGidentification,GriskGanalysis,GriskGcontrol,GriskGfinance,GriskGadministration



TheGprimaryGreasonGforGtheGregulationGofGinsuranceGcompaniesGis:G-GCORRECTGANSWERG-
ToGprotectGinsuranceGconsumers



WhichGoneGofGtheGfollowingGstatementsGregardingGalternativeGmarketsGisGcorrect?G-
GCORRECTGANSWERG-AgentsGdoGnotGtypicallyGhave GbindingGauthorityGinGalternativeGmarkets




WhichGoneGofGtheGfollowingGstatementsGconcerningGnon-
admittedGinsuranceGcompaniesGisGcorrect?G-GCORRECTGANSWERG-Non-
admittedGinsuranceGcompaniesGcanGonlyGbeGaccessedGbyGanGexcess/surplusGlinesGbroker



TheGManagingGGeneralGAgentG(orGAgency)GcanGbestGbeGdescribedGasGrepresenting:G-
GCORRECTGANSWERG-OneGorGmoreGinsuranceGcompanies
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