Cisr agency Study guides, Class notes & Summaries

CISR Agency Operations Correct answers latest update

Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses

Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - 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 - ANSWER Friends, Society, Media, Belief Systems, Educational Institution, Legal Restraints, Family ...

Which one of the following best describes actual authority? - When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - thical behavior encourages governmental regulation Which one of the following best describes a con...

CISR Agency Operations Exam Questions With 100% Correct Answers 2023

CISR AGENCY OPERATIONS EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

Agency Characteristics - Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency - Require staff to fill multiple roles. Mid-Sized Agencies - Staff may be split Large agencies - More Specialization in single lines. single or multiple locations - The number of locations will affect how an agency communicates and informs. It may also mean that some functions of the agency may be centralized. ...

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

CISR Agency Operations Exam-with 100% verified solutions-2023-2024

CISR Agency Operations Self Exam Questions With 100% Correct Answers 2023