Consolidation in the Insurance Industry Is a Continuing Trend

question 16

Multiple Choice

Consolidation in the insurance industry is a continuing trend. One area where mergers and acquisitions frequently occur is between marketing intermediaries who represent insurance purchasers. These intermediaries are called

• A) insurance adjusters.
• B) insurance agents.
• C) insurance underwriters.
• D) insurance brokers.

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Definitions:

Acute Stress

A type of stress response that emerges quickly in reaction to a specific event or situation and usually dissipates soon after.

Posttraumatic Stress Disorder

A psychological condition resulting from direct exposure to or witnessing a traumatic event, leading to recurrent nightmares, flashbacks, and intense anxiety.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification and diagnostic tool used by mental health professionals to diagnose and classify mental disorders.

Stress Response

The body's reaction to a challenge or demand, characterized by physiological changes such as increased heart rate and muscle tension.