Flood Insurance Can Be Purchased Through Any Licensed Property or Casualty

question 46

Multiple Choice

Flood insurance can be purchased through any licensed property or casualty insurance agent or from some direct writing insurers.Some insurers actually issue the flood insurance policies, in partnership with the federal government, as a service and convenience for their policyholders.In those instances, the insurer handles the premium billing and collection, policy issuance, and loss adjustment on behalf of the federal government.Identify these insurers.

• A)Stock insurers
• B)Write Your Own insurers
• C)Mutual insurers
• D)High network insurers
• E)Subrogate insurers

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Definitions:

Exclusion

A decision or practice of leaving someone or something out of a group, activity, or benefit.

Antitrust Enforcement

The legal processes and actions by which governmental authorities regulate, restrict, or prevent monopolistic practices and promote competition.

Vertical Relationships

Interactions between businesses or entities at different levels of the supply chain, such as manufacturers and retailers.

Market Power

The ability of a company or group of companies to manipulate or influence the price and production levels in the market to their advantage.