C11 무료 덤프문제 온라인 액세스

Why does the need for liability insurance arise?

• A.Reduce personal risk to oneself
• B.Fulfill legal obligations to others
• C.Uphold ethical feelings of responsibility
• D.Meet societal obligations and norms

Which type of policy must be signed by a member of each participating insurer?

• A.Prescription
• B.Subscription
• C.All-inclusive
• D.Subrogation

An insurer's agency or production department is the equivalent of which department in other businesses?

• A.Information technology and business services
• B.Finance and production
• C.Administration and human resources
• D.Sales and marketing

With respect to an insurance contract, what is the best example ofconsideration?

• A.Jennifer agrees to sell a $20,000 painting for $10,000 to her friend Shania
• B.Yasmin offers to sell her dog for $500 but Paula refuses
• C.Calvin wants to start a tutoring business and may charge $40 per hour
• D.Martin is returning a shirt he purchased online for $35 because he found it cheaper elsewhere

Tame Insurance Company recently decided to terminate its broker agreement with XYZ Insurance Brokers.
Which situation would likely have resulted in this termination?

• A.XYZ Insurance Brokers did not keep handled premiums in a trust account and instead used them to pay expenses
• B.Tame Insurance Company provided quotes on all applications received from the broker
• C.XYZ Insurance Brokers did not remit commissions owed to the insurer immediately after issuing a policy
• D.Tame Insurance Company set a standard deductible for certain classes of business