Direct Writing

question 47

Multiple Choice

Direct writing:

• A) describes the distribution system used by independent agents and brokers in the property/liability area
• B) is used only by life insurers
• C) is an expensive way to distribute insurance to high income people
• D) describes a system of insurance company distribution using employee/agents

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Definitions:

Poverty Rate

A measure indicating the percentage of the population whose income falls below the threshold considered necessary for basic living conditions.

Working Class Women

Women who are part of the labor force, often in roles characterized by manual or industrial work, and who may face unique socioeconomic challenges.

Poverty Income Threshold

The Poverty Income Threshold is the minimum level of income deemed necessary to achieve an adequate standard of living, used to identify those living in poverty.

Inflation

A general rise in the price level.