OC1 - Module 6 - Overview of Insurance Operations

oc1-module-6-overview-of-insurance-operations

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6-The two major types of insurers by legal form of ownership are

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6-Which one of the following is not a type of insurance but a marketplace such as a stock exchange?

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6-The only unincorporated insurers permitted in most states are

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6-Which one of the following statements is true with regard to the various forms of ownership of property-casualty insurers?

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6-Insurer A is a proprietary insurer that acts as an insurance marketplace. Its members underwrite any insurance or reinsurance purchased, and members are primarily partnerships or corporations with limited liability. Insurer A members belong to syndicates and delegate day-to-day operations to the syndicate manager. Insurer A is which one of the following?

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6-Juan has a poor driving record and has been unable to obtain auto liability coverage which is mandatory in his state. Since affordability is a concern, Juan wants liability coverage only. Which one of the following is an option for Juan to obtain coverage?

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6-Insurance pools operate either as a syndicate or through

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6-Which one of the following consists of a series of private contracts in which subscribers or members of the group agree to insure each other?

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6-Oscar owns Oscar's Guns which is in a high crime area of his city. Oscar has tried to obtain coverage through several insurers in his area but has been unsuccessful. He wants building and contents coverage. Oscar has been advised that he should obtain coverage through a FAIR plan. Which one of the following best describes a FAIR plan and its insureds?

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6-Because Janine has had many driving accidents due to her own carelessness, she has been unable to find private insurers willing to provide her with automobile insurance. Janine would be able to purchase high risk auto insurance through a

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6-Which one of the following types of insurers are the most prevalent in the United States?

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6-Insurer Z is a large national insurer that provides low-cost insurance to its policyholders who are the owners of Insurer Z. The insurer issues no common stock and has no stockholders. Its policyholders have voting rights, and they elect Insurer Z's board of directors. The board of directors appoints officers to manage the insurer. Insurer Z is a

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6-Pedro's Chemical Sprays (Pedro's) has been unable to obtain liability coverage for its products. Insurers consider Pedro's to be uninsurable. Pedro's risk manager, Johanna, believes that their company can cover the losses and fund them. Which one of the following plans is Johanna considering for Pedro's?

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6-Jessica has a beach house on the gulf coast which is subject to hurricanes. She has homeowner coverage through Argot Insurance Company. Recently, she obtained coverage through her state wind pool. Which one of the following describes the coverage provided by the windstorm pool?

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OC1 - Module 6 - Overview of Insurance Operations

Question 1 of 1

Time Left

6-The two major types of insurers by legal form of ownership are

Select the correct answer(s).

(0/0)

6-Which one of the following is not a type of insurance but a marketplace such as a stock exchange?

Select the correct answer(s).

(0/0)

6-The only unincorporated insurers permitted in most states are

Select the correct answer(s).

(0/0)

6-Which one of the following statements is true with regard to the various forms of ownership of property-casualty insurers?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

6-Juan has a poor driving record and has been unable to obtain auto liability coverage which is mandatory in his state. Since affordability is a concern, Juan wants liability coverage only. Which one of the following is an option for Juan to obtain coverage?

Select the correct answer(s).

(0/0)

6-Insurance pools operate either as a syndicate or through

Select the correct answer(s).

(0/0)

6-Which one of the following consists of a series of private contracts in which subscribers or members of the group agree to insure each other?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

6-Because Janine has had many driving accidents due to her own carelessness, she has been unable to find private insurers willing to provide her with automobile insurance. Janine would be able to purchase high risk auto insurance through a

Select the correct answer(s).

(0/0)

6-Which one of the following types of insurers are the most prevalent in the United States?

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

Select the correct answer(s).

(0/0)

6-Jessica has a beach house on the gulf coast which is subject to hurricanes. She has homeowner coverage through Argot Insurance Company. Recently, she obtained coverage through her state wind pool. Which one of the following describes the coverage provided by the windstorm pool?

Select the correct answer(s).

(0/0)

6-Which one of the following statements is correct with regard to an insurer's goals?

Select the correct answer(s).

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