Principios Generales de SegurosPregunta 240 de 531
A group of subscribers agree to exchange insurance among themselves, and the arrangement is managed for them by an attorney-in-fact. This insurer is:
a.a fraternal benefit society, which operates through a lodge system
b.a captive insurer set up by one parent to fund its own risks
c.a reciprocal exchange, unincorporated and owned by members
d.a risk retention group, which its members own for liability lines
Explicación
A reciprocal is an unincorporated group of subscribers who insure one another, run by an attorney-in-fact who handles underwriting and claims for the group. A captive is formed by a parent organization to insure that parent's own exposures, and a risk retention group is a member-owned insurer restricted to liability coverage for members in a similar business, so neither uses an attorney-in-fact structure.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- A producer deposits client premiums into the agency's general operating account and pays the office rent out of it. This conduct breaches:
- A contractor must show proof of property coverage today, although the policy itself will not be issued for three weeks. A binder issued by the producer:
- The structural difference between a stock insurer and a mutual insurer is that the mutual insurer:
- In the property and casualty market, Lloyd's is best described as:
- A commercial account with a difficult exposure is placed through surplus lines. Compared with an admitted insurer, the surplus lines insurer:
- A residual market mechanism such as an assigned-risk plan exists in order to:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos