Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CPCU 520-03

Chapter 3

QuestionAnswer
Marketing System sys. that directs and facilitates the design, dev, sale and support of product or service.
Distribution Channel channel used by producer of a product or service to txfr that product or servc to the ulr. customer
Actual Authority auth -expressed or implied- conferred by the princ. or an agnt under agency contract
Apparent Authority auth. that arises from a third party's reasonable belief based on appearances created by a principal that an agent has auth.to act on behalf of agt.
Independent Agcy & Brokerage Markting Sys. an ins. marketing system under which producers who are ind. contractors sell ins. usually as reps for several unrelated insurers.
Managing General Agents (MGAs) ind. biz orgs that function like branch ofc. for one or more ins. and appt and supervise ind. agents and brokers for ins. using ind. agency and brokerage system.
Excess and Surplus Lines Brokers persons or firms that place biz with nonadmitted ins. b/c nothing available in standard market
Exclusive Agency marketing System agents contract to sell ins. exclusively for one ins. or for an assoc. group of ins.
Direct Writer Marketing System an ins. marketing system using sales agents who direct emp of insurer
Cold Canvass Cold Calling
Agency Bill a payment procedure in which the producer sends prem. bills to the insured, collects and sends to insurer, less comm.
Direct Bill a payment procedure in which an insurer sends prem. bills to the insrd., collects the premium, and sends any commision payable on the premium collected to the producer.
Alternative Distribution Channels dist. channels used by ins. that elect not to use agency force to obtain cust. freq. use tech driven channels.
Direct Response Distribution Channels an ins. distribution channel that markets directly to the customer through such distribution channels as mail, tele. internet
Affinity Marketing a type of marketing that targets various groups based on prof. assoc. intrests, hobbies. etc.
Created by: holl6425
Popular Standardized Tests sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards