36.Identify the correct statement about the general agency system.

Select one:

a. Unlike the special agent, a general agent has no incentive to recommend a high-commission product.

b. The primary responsibilities of the general agent are to select, train, and supervise subagents.

c. Subagents are agents of the general insurer rather than of the insurer.

d. A special agent is authorized by contract with the insurer to sell insurance in a specified territory.

e. General agents are also known as special agents.

37.In linear regression, the intercept is 7.2 and the slope is 0.64. Calculate the number of claims in projected year 7.

Select one:

a. 14.84

b. 7.84

c. 51.04

d. 11.68

e. 11.608

38.Interest rates higher than those offered through private banks are available to individuals investing long- and short-term investment vehicles. The interest rate will vary considerably depending on the source, but there is a national indicator often used as a benchmark in rate making. Identify it.

Select one:

a. Mutual fund

b. Treasury bill

c. Prime rate

d. Money market account

e. Corporate debt

39.Identify the risk of living too long such that one's advanced age hinders one's ability to continue adequately providing for oneself.

Select one:

a. Withdrawal risk

b. Survival risk

c. Mortality risk

d. Expectancy risk

e. Longevity risk

40.Under these plans, there is less incentive to abuse sick leave and more reward to employees who never use sick leave. These plans consolidate sick leave, personal leave, and vacation leave into a total number of personal days off each year. Identify these plans.

Select one:

a. Paid time off plans

b. Contributory plans

c. Facultative pay plans

d. Consolidated pay off plans

e. Distributive time off plans

Answer rating: 100% (QA)

36 option D is correct special agent is authorized by contract with ... View the full answer