Cisr personal lines Study guides, Class notes & Summaries

CISR PERSONAL LINES MISCELLANEOUS EXAM ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES |AGRADE

What is a trade? - Answer- Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - Answer- A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - Answer- An activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the definition of "Business"? - Answer- Part 1 - A business inclu...

CISR - Personal Lines Miscellaneous, Questions & Answers/ What is a trade? - -Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - -A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - -An activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the definition of "Business"? - -...

CISR: Agency Operations Exam 100 Questions with Answers Types of Stakeholders - CORRECT ANSWER managers and employees customers insurers vendors industry associations government Transfer - CORRECT ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - CORRECT ANSWER Active: when a customer knows before the loss that they are responsible for all...

CISR Agency Operations 45 Questions with Answers Agency Characteristics - CORRECT ANSWER Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency - CORRECT ANSWER Require staff to fill multiple roles. Mid-Sized Agencies - CORRECT ANSWER Staff may be split Large agencies - CORRECT ANSWER More Specialization in single lines. single or multiple locations - CORRECT ANSWER The number o...

CISR Agency Operations Exam 265 Questions with Answers Professional - CORRECT ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - CORRECT ANSWER you put the needs of your clients above your own Ethics - CORRECT ANSWER a system or set of moral principles or practice a set of rules or standards based on a set of principles or values we accept as truths and that govern our behavior Factors that influence ethics - CORRECT ANSWER Fr...

CISR EXAM 73 Questions with Answers What are ethics? - CORRECT ANSWER A discipline dealing with good and evil and with moral duty' A set of rules, based on a set of principles or values that we accept as truths and that govern our behavior What are the four benefits of ethical behavior? - CORRECT ANSWER to be recognized as knowledgeable insurance professionals within the community to gain public trust and confidence to avoid government regulation to enhance credibility with customers a...

CISR Agency Operations Exam 82 Questions with Answers Four benefits of ethical behavior -CORRECT ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - CORRECT ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical iss...

CISR - Personal Lines Miscellaneous | 2024 Questions & Answers | 100% Correct | Verified What is a trade? - Skilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - A vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - An activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts...

CISR - Personal Lines Miscellaneous Exam Questions With 100% Correct Answers What is a trade? - answerSkilled manual or mechanical work. Examples: Painter, Carpenter, Electrician, etc. What is a profession? - answerA vocation requiring advanced education and training. Examples: Physician, Dentist, Attorney, Veterinarian, etc. What is an occupation? - answerAn activity or pursuit in which a person is engaged; a person's usual or principal work or business. What are the two parts of the d...