瑞达Rejda保险教材英文练习题05解析.docx

瑞达Rejda保险教材英文练习题05解析.docx

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瑞达Rejda保险教材英文练习题05解析

PrinciplesofRiskManagementandInsurance,11e（Rejda）

Chapter5TypesofInsurersandMarketingSystems

1）Whichofthefollowingstatementsaboutstockinsurersistrue?

A）Theyissueassessablepolicies.

B）Theyarenotpermittedtowritepropertyandliabilityinsurance.

C）Stockholdersbearanylossesandshareinanyprofits.

D）Theyareownedbytheirpolicyowners.

Answer:

C

QuestionStatus:

PreviousEdition

2）Whichofthefollowingstatementsaboutmutualinsurersistrue?

A）Theyarelegallyorganizedaspartnerships.

B）Theyhaveaboardofdirectorswhichisselectedbystateinsurancedepartments.

C）Theyareownedbytheirstockholders.

D）Theymaypaydividendstotheirpolicyowners.

Answer:

D

QuestionStatus:

PreviousEdition

3）Whyaresomemutualinsurersreferredtoas"assessmentmutuals"?

A）Theychargelowpremiumsbecausethelossexposuresoftheirinsuredsarethoroughlyassessedbeforeapolicyiswritten.

B）Theyarenotedforbeingverythoroughintheirassessmentofinvestmentopportunities.

C）Theyareassessedforstatepremiumtaxesonlyiftheymakeaprofit.

D）Theycanassesspolicyownersifpremiumsareinsufficienttopaylossesandexpenses.

Answer:

D

QuestionStatus:

PreviousEdition

4）Thecorporatestructureofmutualinsurersischangingrapidly.AllofthefollowingarecurrenttrendsEXCEPT

A）Demutualizationofsomeinsurers.

B）Sharpincreaseinthenumberofmutualinsurancecompanies.

C）Increaseincompanymergers.

D）Formationofmutualholdingcompanies.

Answer:

B

QuestionStatus:

PreviousEdition

5）AllofthefollowingstatementsaboutfraternalinsurersaretrueEXCEPT

A）Theyareaformofmutualinsurer.

B）Theyspecializeinwritingpropertyandliabilityinsurance.

C）Theyenjoytaxadvantagesbecauseoftheirnonprofitorcharitablestatus.

D）Theymarkettheircoveragetomembersofasocialorganizationorreligiousgroup.

Answer:

B

QuestionStatus:

PreviousEdition

6）Whichofthefollowingstatementsaboutareciprocalexchangeis（are）true?

I.Itusuallyspecializesinhealthinsurance.

II.Itisanunincorporatedmutualinsurancecompany.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

PreviousEdition

7）WhichofthefollowingstatementsaboutLloyd'sofLondonistrue?

A）CoverageisactuallywrittenbysyndicateswhobelongtoLloyd'sofLondon.

B）Itsunderwritersspecializeinwritinglifeandhealthinsurance.

C）ItoperatesasanadmittedinsurerthroughouttheUnitedStates.

D）Itallowsunderwriterstowritecoveragewithoutmeetingstringentfinancialrequirements.

Answer:

A

QuestionStatus:

PreviousEdition

8）Temporaryevidenceofinsuranceuntilapolicyisactuallyissuedisprovidedbya（n）

A）binder.

B）brokerageagreement.

C）pre-approvalform.

D）endorsement.

Answer:

A

QuestionStatus:

PreviousEdition

9）Whichofthefollowingstatementsaboutbrokersis（are）true?

I.Theylegallyrepresenttheinsuredratherthantheinsurancecompany.

II.Theyareprohibitedfrombeinglicensedasagents.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

10）Neilneedsinsurancethatisunavailableinthestatewherehelives.Toobtaininsurancefromanonadmittedinsurer,Neilshouldcontacta

A）surpluslinesbroker.

B）nonadmittedagent.

C）generalagencybroker.

D）directwriter.

Answer:

A

QuestionStatus:

PreviousEdition

11）AllofthefollowingstatementsaboutthegeneralagencysystemusedforsellinglifeinsurancearetrueEXCEPT

A）Ageneralagentisresponsibleforhiring,training,andmotivatingnewagents.

B）Ageneralagentisasalariedemployeewhoseresponsibilitiesarelimitedtosellinglifeinsurance.

C）Ageneralagentmayreceiveanallowancefortheexpensesofmaintaininganagencyoffice.

D）Ageneralagentreceivesacommissionbasedontheamountofbusinessproduced.

Answer:

B

QuestionStatus:

PreviousEdition

12）Whichofthefollowingstatementsaboutthemanagerialsystemofmarketinglifeinsuranceis（are）true?

I.Itusesbranchofficesrunbyindependentagentswhorepresentseveralcompanies.

II.Thebranchmanagerisanemployeeoftheinsurerwhohastheresponsibilityforhiringandtrainingnewagents.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

B

QuestionStatus:

PreviousEdition

13）Advantagesofthedirectresponsesystemformarketinglifeinsuranceincludewhichofthefollowing?

I.Advertisingcanbespecificallydirectedtoselectedmarkets.

II.Complexproductscanbeeasilysold.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

A

QuestionStatus:

PreviousEdition

14）Whichofthefollowingstatementsabouttheexclusiveagencysystemformarketingpropertyandliabilityinsuranceistrue?

A）Exclusiveagentstypicallyhavecompleteownershipofpolicyexpirations.

B）Ahighercommissionrateisusuallypaidonexclusiveagents'renewalbusinessthanonnewbusiness.

C）Exclusiveagentsrepresentseveraldifferentinsurancecompanies.

D）Newexclusiveagentsusuallystartasemployeesandafteratrainingperiodbecomeindependentcontractors.

Answer:

D

QuestionStatus:

PreviousEdition

15）AllofthefollowingstatementsabouttheindependentagencysystemaretrueEXCEPT

A）Agentsareoftenauthorizedtoadjustsmallclaims.

B）Agentsarecompensatedonthebasisofcommissions.

C）Theinsurerratherthantheagentownstherenewalrightstothebusiness.

D）Theagentisanindependentbusinesspersonwhorepresentsseveralinsurers.

Answer:

C

QuestionStatus:

PreviousEdition

16）Salespersonsofadirectwriterareconsideredtobe

A）independentagents.

B）independentcontractors.

C）employees.

D）brokers.

Answer:

C

QuestionStatus:

PreviousEdition

17）Whichofthefollowingstatementsaboutthesaleofpropertyandliabilityinsurancethroughthedirectresponsesystemis（are）true?

I.Sellingexpensesarehigherbecausemarketsegmentationtendstobelessprecisethanwithothermarketingmethods.

II.Itisthemostappropriatesystemforsellingcomplexproducts.

A）Ionly

B）IIonly

C）bothIandII

D）neitherInorII

Answer:

D

QuestionStatus:

PreviousEdition

18）Underonelifeinsurancemarketingsystem,aninsurersellsitsproductsthroughestablishedagentswhoarealreadyengagedinlifeinsurancesales.Underthissystem,aninsurerentersintocontractswithsuccessfulagentswhoagreetoselltheinsurer'sproducts.Thislifeinsurancemarketingsystemiscalledthe

A）directresponsesystem.

B）nonbuildingagencysystem.

C）independentagencysystem.

D）agencybuildingsystem.

Answer:

B

QuestionStatus:

PreviousEdition

19）Whichofthefollowingischaracteristicofatypicalmassmerchandisingplan?

A）highercommissionscalesforagentsandhigheradministrativeexpenses

B）paymentofpremiumsthroughpayrolldeduction

C）groupratherthanindividualunderwriting

D）contributionsbytheemployertothecostofcoverage

Answer:

B

QuestionStatus:

PreviousEdition

20）Davidhasalwaysbeensuccessfulinsales.Recently,hewasapproachedbyalifeinsurerinterestedinhiringhim.Initially,Davidwasnotinterestedinthejobbecausehefeareditwouldrequirealotofadministrativework."You'reasupersalesperson,David,"hewastold,"We'rehiringyoutodoonethingandonethingonly–SELL!

"Davidacceptedtheposition.Davidisa（n）

A）exclusiveindependentagent.

B）personal-producinggeneralagent.

C）branchofficeagent/manager.

D）directwritingexclusiveagent.

Answer:

B

QuestionStatus:

PreviousEdition

21）Sarahownsapropertyandliabilityinsuranceagency.Sheisauthorizedtorepresentseveralinsurancecompaniesandsheiscompensatedbycommissions.Sarah'sagencyownstheexpirationrightstothebusinessshesells.Sarahisa（n）

A）independentagent.

B）exclusiveagent.

C）directwriter.

D）insurancebroker.

Answer:

A

QuestionStatus:

PreviousEdition

22）Theleadersofareligiousgroupdecidedtostartalifeinsuranceorganizationtoinsuremembersofthereligiousgroup.Theinsurerwilloperateasanonprofitorganization,thusreceivingfavorabletaxtreatment.Theinsurerformedwillbea

A）healthmaintenanceorganization.

B）stockinsurer.

C）fraternalinsurer.

D）reciprocalexchange.

Answer:

C

QuestionStatus:

PreviousEdition

23）Scottworksinpropertyandliabilityinsurancemarketing.Helegallyrepresentsinsurancepurchasers,ratherthaninsurancecompanies.Scottispaidacommissionontheinsuranceplacedwithinsurers.Scottisa（n）

A）exclusiveagent.

B）directwriter.

C）branchmanager.

D）insurancebroker.

Answer:

D

QuestionStatus:

PreviousEdition

24）ABCInsurancehasalwaysusedtheexclusiveagencysystemtomarketcoverages.ABC,however,cannotaffordfull-timeagentsinsparsely-populatedareas.Toreachcustomersintheseareas,ABCentersintoagreementswithlocalindependentagents.Usingmorethanonemarketingsystemiscalledemployinga

A）directresponsesystem.

B）generalagencysystem.

C）multipledistributionsystem.

D）branchofficesystem.

Answer:

C

QuestionStatus:

PreviousEdition

25）CathyjuststartedajobwithXYZManufacturingCompany.SheattendedanorientationandwasgivenapacketprovidinginformationaboutthevariousemployeebenefitsXYZoffers.Oneiteminthepacketwasabookletandapplicationformfromanautoinsurer.TheinsurerofferslowerpremiumstoXYZemployees.Theinsurer'splanforsellingindividually-underwrittenautoinsurancetoemployeesofXYZManufacturingCompanyiscalled

A）directresponse.

B）massmerchandising.

C）personalselling.

D）multiplemarketing.

Answer:

B

QuestionStatus:

PreviousEdition

26）Briani