Quiz-summary
0 of 10 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Information
Practise Questions
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 10 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- Answered
- Review
-
Question 1 of 10
1. Question
Franchise marketing is a specific mass marketing program that is only for?
Correct
Franchise marketing is specified marketing for the employees of small businesses and members of associations.
Incorrect
Franchise marketing is specified marketing for the employees of small businesses and members of associations.
-
Question 2 of 10
2. Question
Noninsurance sponsors only offer sponsorship to the individual who has.
Correct
Noninsurance sponsors are specific banks or businesses that provide their credit cards and sponsor to members with previous records of regular payments .
Incorrect
Noninsurance sponsors are specific banks or businesses that provide their credit cards and sponsor to members with previous records of regular payments .
-
Question 3 of 10
3. Question
Which of the following is the latest marketing development in insurance distribution?
Correct
As the world is becoming a global village. Internet is the latest marketing development in insurance distribution companies.
Incorrect
As the world is becoming a global village. Internet is the latest marketing development in insurance distribution companies.
-
Question 4 of 10
4. Question
Law change in 1999 has removed many legislative barriers. It has allowed replacing agent and broker licenses into only one single license. That license is?
Correct
Law change in 1999 has removed many legislative barriers. Now, many states have replaced agent and broker license into one producer license.
Incorrect
Law change in 1999 has removed many legislative barriers. Now, many states have replaced agent and broker license into one producer license.
-
Question 5 of 10
5. Question
any person that brings the sale to insurance products is considered as.
Correct
Any person that directly brings sales for the insurance products is considered as the producer in insurance distribution.
Incorrect
Any person that directly brings sales for the insurance products is considered as the producer in insurance distribution.
-
Question 6 of 10
6. Question
The agent is usually hired by.
Correct
The agents are usually hired and appointed by the insurer and insurance companies.
Incorrect
The agents are usually hired and appointed by the insurer and insurance companies.
-
Question 7 of 10
7. Question
The life insurance agent always receives the first premium with the insurance application but not further premiums. But there is an exception that is.
Correct
Life insurance agents receive the first premium with the insurance application from the insured but this rule does not apply to industrial life insurance.
Incorrect
Life insurance agents receive the first premium with the insurance application from the insured but this rule does not apply to industrial life insurance.
-
Question 8 of 10
8. Question
The agent can never commit to providing insurance coverage for anything from the side of the insurer. It is.
Correct
The bind coverage means that the agent can not commit to providing insurance coverage for anything from the insurer without their consent.
Incorrect
The bind coverage means that the agent can not commit to providing insurance coverage for anything from the insurer without their consent.
-
Question 9 of 10
9. Question
Which of the following agents have more authority?
Correct
Property and casualty insurers have more authority than others. They can bind with insurance companies and collect all due premiums.
Incorrect
Property and casualty insurers have more authority than others. They can bind with insurance companies and collect all due premiums.
-
Question 10 of 10
10. Question
A broker has different responsibility than an agent. The agent represents an insurer to a buyer whereas the brokers work for.
Correct
An agent works for the insurer and presents insurance products but the broker works for the buyer and coordinates with many insurance sellers to get the best insurance product for the buyer.
Incorrect
An agent works for the insurer and presents insurance products but the broker works for the buyer and coordinates with many insurance sellers to get the best insurance product for the buyer.