Management > EXAM > AINS Practice Exam Review 2022/2023(QUESTIONS & ANSWERS 100% ANSWERS) (All)
AINS Practice Exam Review 2022/2023(QUESTIONS & ANSWERS 100% ANSWERS)
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AINS Practice Exam Review 2022/2023(QUESTIONS & ANSWERS 100% ANSWERS)One distinguishing feature between independent agency systems and other marketing systems is the... - ✔✔agency expiration list... Foreign Insurer - ✔✔An insurer licensed to operate in a state but incorporated in another state Domestic Insurer - ✔✔An insurer doing business in the jurisdiction in which it was incorporated Alien Insurer - ✔✔An insurer domiciled in a country other than the US Direct Response Marketing System - ✔✔Greatly reduces compensation costs but has higher advertising costs Agency Expiration List - ✔✔An agency's most valuable asset (does not belong to insurer) Important consideration when selecting distribution channels - ✔✔Does the channel capitalize on its core capabilities? Knowledge acquired by the agent is presumed to be.. - ✔✔knowledge acquired by the insurer Premium collection method used for personal insurance and small commercial accounts - ✔✔Direct Bill What specifies scope of authority of an agent? - ✔✔Agency contract [Show More]
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