The Insured Goes with the Independent Agent If the Agent

question 67

Multiple Choice

The insured goes with the independent agent if the agent no longer sells for the insurance company.This ownership right can be sold to another agent, and when the independent agent decides to retire or leave the agency, the right to contact large numbers of customers creates a substantial market value for the agency.This marketing system is known as:

• A)the managerial agency system.
• B)the American agency system.
• C)the general agency system.
• D)the branch office system.
• E)the special agency system.

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Definitions:

Risk Score

A numerical value used to assess the probability of a specific event occurring, such as disease or financial loss.

Risk Level

A measurement or assessment of the likelihood and potential impact of hazards or threats.

Restraint Alternatives

Methods or approaches used instead of physical restraints to prevent self-harm or harm to others.

Nurses' Station

A dedicated area within a healthcare setting where nurses and other healthcare staff perform administrative duties, manage care documentation, and coordinate patient care.