Banks vs agencies Study guides, Class notes & Summaries

Multi-Line Insurers - CORRECT ANSWER-________-______ Insurers are insurance carriers that offer more than one line of insurance. False - CORRECT ANSWER-True or False? Stock Insurance Companies are "participating" in that the policyholders receive dividends. Attorney-In-Fact - CORRECT ANSWER-Reciprocal Insurers are managed by an ___________________. Association - CORRECT ANSWER-Contrary to popular opinion, Lloyd's of London is not an insurer but rather an ____________. Limits Catastro...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

Types of Agencies -Answer 1. Standard lines P&C 2. Personal Lines only 3. Commercial Lines only 4. Non-StandardAuto 5. Life & Health Agency 6. Combination of the above Banks vs. Agencies -Answer 1. How much will the agency culture change if your agency is acquired by a bank? 2. Banks are governed by very specific federal and state laws that require them to function in a certain manner. 3. Banks tend to be more formal (in terms of rules, dress code, etc.) than agencies. 4. When acqui...

CIC Agency Management Review With Complete solutions Types of Agencies - ANS1. Standard lines P&C 2. Personal Lines only 3. Commercial Lines only 4. Non-StandardAuto 5. Life & Health Agency 6. Combination of the above Banks vs. Agencies - ANS1. How much will the agency culture change if your agency is acquired by a bank? 2. Banks are governed by very specific federal and state laws that require them to function in a certain manner. 3. Banks tend to be more formal (in terms of rules, ...

Advertising - Answer-A communication tool using objectives and strategies to impact consumer thoughts, feelings, and actions. 2 requirements: centralized exchange, supply surpasses demand Central exchange and supply surpasses demand - Answer-the 2 requirements for advertising; central exchange is a currency transaction supply surp is just to make sure you have enough to go around and keep consumers satisfied Marketing Communications (Mar Com) - Answer-Tools used to communicate with custome...

Employee Benefit and Retirement Accounts - Answer-Which of the following types of accounts make up the majority of non-managed asset products? Investment Management & Advisory Accounts - Answer-Which of the following types of accounts make up the majority of managed asset products? Legislation - Answer-_______________is a law which has been enacted by a legislature and signed into law by the governor or president. Regulation - Answer-___________ is a rule created by an administrative agenc...

purpose of securities industry - matching investors with money to issuers that need that money to finance issuer - legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, state and local governments, corps, banks methods issuers use to raise capital - 1) issue debt securities (bonds) and 2) issues equity securities (stocks) debt securities - publically traded loans = bonds, notes, or debt instrumen...

purpose of securities industry correct answers matching investors with money to issuers that need that money to finance issuer correct answers legal entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, state and local governments, corps, banks methods issuers use to raise capital correct answers 1) issue debt securities (bonds) and 2) issues equity securities (stocks) debt securities correct answer...

SIE Exam questions and answers well illustrated. purpose of securities industry - correct ing investors with money to issuers that need that money to finance issuer - correct entity that sells securities in order to finance its operations (business, governments) ie. us treasury, us gov agencies, foreign governments, state and local governments, corps, banks methods issuers use to raise capital - correct answers.1) issue debt securities (bonds) and 2) issues equity securities (stocks) d...

MGT 8803 Financial Accounting (2023/2024) Already Graded A Proprietorship Single Owner; unlimited liability & no taxation Partnership More than one owner; unlimited liability & no taxation Corporation A business owned by stockholders (shareholders -> board of directors --> top managers); limited liability & taxation Publicly traded or privately held Assumptions of Financial Accounting Separate entity, unit of measurement, going concern, periodicity, materiality Going Concern Presume t...