List the Basic Principles in Evaluating an Insurance Program

question 62

Essay

List the basic principles in evaluating an insurance program. How can an insurance agent assist a small business owner?

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Definitions:

Centralized

This term refers to a system where decision-making authority is concentrated at a single point or in a single group within the organization.

Traditional Principles

Basic tenets or rules that have been established over time, guiding actions and beliefs in various contexts.

Promotional Programs

Marketing strategies designed to inform, persuade, or remind target audiences about a product or service to increase awareness or sales.

Delegate Authority

The process of assigning decision-making power and responsibilities from a higher-ranking official to a subordinate or group.