A Captive Agent Is

question 43

Multiple Choice

A captive agent is:

• A)an insurance agent who represents only one insurance company.
• B)a federal insurance agent who can sell low-cost flood insurance coverage.
• C)an independent agent who can insure homeowners and tenants together for flood insurance.
• D)an automobile insurance agent who insures only other insurance agents.
• E)a claims adjustor who assesses the probability of law violations during an investigation.

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Definitions:

Target

In finance, "target" can refer to a specific financial goal or benchmark that a company or individual aims to achieve.

Rationale for Merger

The strategic reasons behind why two companies decide to combine forces, often to achieve synergies, grow market share, or reduce competition.

Firms Combined

Firms Combined typically refers to the merger or consolidation of two or more businesses to form a single combined entity, often aiming for operational efficiencies and expanded market share.

Separate Values

Separate Values pertains to distinctly evaluating different assets, liabilities, or components for financial, analytical, or assessment purposes.