View the full answer. Sell to needs. Rating. Producers have both express and implied authority to solicit insurance sales on behalf of the insurance companies they represent. When selecting the most suitable life insurance policy for their needs, applicants may ask their agent for help comparing the costs of two or more policies under consideration. C) maintaining employment records. Which of the following statements about backdating life insurance applications is correct? It is the producer's responsibility to fully explain the policy to confirm it is what the customer wanted. And, it is an opportunity to reaffirm the customer's reasons for purchasing the policy (and thus reduce the likelihood of policy cancellation through "buyer's remorse"). 15 all of the following are responsibilities of. A business entity acting as an insurance producer is required to do all of the following EXCEPT A. All of the following are functions of the initial core planning team EXCEPT: A. D) Obtaining a bachelors degree. All of the following are responsibilities of a ceo. All of the following are responsibilities of. Check to make sure that there are no unanswered questions on the application. All of the following are responsibilities of a CEO EXCEPT Duty to maximize their. 13. View questions only. See Page 1. A. viewers "Media". The producer should establish a list price and a fair set of discounts for the intermediaries. Log in for more information. Added 104 days ago|2/25/2022 11:24:58 PM. Reimburse the applicant for any surrender charges that may be incurred as a result of the transaction B) making action plans to solve organizational problems. 15 All of the following are responsibilities of operations managers except a. View the full answer. A. Transcribed image text: When replacing a life insurance policy or annuity, a producer has all of the following duties EXCEPT (Choose from the following options) 1. B) rendering official legal opinions C) maintaining employment records D) implementing HR policies 2) HR legal environments are constantly changing. a . The producer is also responsible for disclosing information about the insurer's underwriting and policy issue practices The purpose for backdating an application is to qualify for a better underwriting classification. Federal government websites often end in .gov or .mil. They should agree on price policies, conditions of sale, territory rights, and the specific services to be performed by each party. While doing these things, the producer is responsible for collecting the right data to help the insurer decide whether to accept the application. Provide approval for the completed plan C. Define roles and responsibilities D. Clarify command structures Spillways were set aside in southern parts of Louisiana. 1) All of the following are HR responsibilities EXCEPT: A) monitoring the company's HR decisions. D) implementing HR policies. B) Being 18 years of age or older. New construction began in the Atchafalaya River basin. D) Obtaining a bachelors degree. All of the following are media producers except is viewers.. A viewers are person who watches television whereas all other are media producers .. Media Producers are included in making sound and video substance utilized for commercials, motion pictures, online channels, and other mediums. All of the following are media producers except is :. Fortunately, not all bacterial pathogens are resistant all of the time, and many respond to empirical treatment with antimicrobial agents administered in the community. https://quizlet.com/216722152/ch-1-general-insurance-flash-cards All of the following are requirements for obtaining a resident producers license EXCEPT: A) Passing examination with 75% or higher score. All of the following describe the responsibilities of an agent or producer, except? Before sharing sensitive information, make sure you're on a federal government site. 14. Collect any premium due B. B. B) rendering official legal opinions. Which of the following is an example of a producer's fiduciary duty? A city government has all of the following responsibilities EXCEPT: a. maintaining the city and helping it grow b. creating city rules and ordinances c. offering and managing city public services d. managing a city court system D) allocating human resources to coordinate the work to be done. Huge gates were constructed to divert future floods. The trust that a client places in the producer in regard to handling premiums. 3. capslock. See the answer See the answer done loading. Question The work of W. Edwards Deming is most closely associated with Select one: a. Question 13 All of the following are responsibilities of operations managers except Select one: a. acquiring financial resources b. planning production c. scheduling production d. managing inventories 14. 75) All of the following can be considered managerial responsibilities except: A) creating new products and services. B Service the sale. Business; Economics; Economics questions and answers; All of the following are responsibilities of the transfer agent EXCEPT: Canceling old certificates for each trade Delivering proxies to investors Good delivery of certificates Making sure that issued shares do not exceed acquiring financial resources. Designate a licensed individual producer to be responsible for the business's compliance with the insurance laws of Alabama C. Be a publically owned company D. obtain an insurance producer license A producer must do all of the following when delivering a new policy to the insured EXCEPT A. The producer should simply make a note in the agent report section of the application describing the error and what the true response was supposed to be d. Have the applicant initial the change or start over with a completely new application B. Backdating has no impact on the policy's premium, but it does result in the policy being issued with a cash value. O A"levees-only" policy was established in the state. 39. School Southern New Hampshire University; Course Title ECO- 201; Uploaded By foranzog. acquiring financial resources. C) Completing pre-licensing training. O Communities in certain areas had to be abandoned. Although their duties are like those of other janitors, some building superintendents also help collect rent and show vacancies to potential tenants. In a replacement sale all of the following are producer responsibilities, except: a. All of the following are responsibilities of operations managers excepta. School Wilfrid Laurier University; Course Title BU 225; Uploaded By Chok2710. Send a written communication to the existing insureres advising them . The following are examples of types of janitors and building cleaners: Building superintendents are responsible for maintaining residential buildings, such as apartments and condominiums. A. diamonds B. geothermal energy C. lead D. opals Australia is a major world producer of all of the following except: geothermal energy. There are no simple solutions to the problem. Pages 4 This preview shows page 3 - 4 out of 4 pages. Educate the customer. Pages 6 Ratings 100% (1) 1 The .gov means it's official. Answer- The correct option is 3. Pay the fee established by the insurance code B. Reimburse the applicant for any surrender charges that may be incurred as a result of the transaction 1) All of the following are HR responsibilities EXCEPT: A) monitoring the company's HR decisions. Question 20 0 / 1.5 points All of the following are responsibilities of operations managers except Question options: 1) acquiring financial resources 2) managing inventories 3) planning production 4) scheduling production View Feedback Question 21 0 / 1.5 points Japanese firms used the concept of ___________ to convert from As a producer, you would be responsible for making the business- and budget-related decisions of the project. Mar 6, 2022 - A cfo would have all of the following responsibilities except - A CFO would have all of the following responsibilities except O A. investing in new production Learn Accounting. All of the following are responsibilities of operations managers except a. acquiring financial resources b. managing inventories c. planning production d. scheduling production. See Page 1. The ratio of a firms monthly output to the number of labor hours used in the same month would be a measure of a. labor productivity. Quiz: Producer Responsibilities. The work of W. Edwards Deming is All of the following are things a producer should do when meeting with the client after the policy has been issued, except: Past life insurance owned Which of the following is not a major source of underwriting information? 2) HR legal environments are constantly changing. a . All of the following are TRUE regarding agent/producer activities and responsibilities, except: A: They issue policies B: They provide quotes and collect premiums C: They represent the insurer D: They solicit, receive, and forward applications for insurance C) designing new information systems. Australia is a major world producer of all of the following except _____. New answers. A. The producer is responsible for shaping the project, from script selection, to hiring a director, to approving any major changes to the film or television show. When it comes to what a producer does in TV versus the responsibilities of a movie producer, the roles are generally very comparable. Important Facts About This Occupation Fiduciary responsibility- Money collected with respect to an insurance transaction must be held in a position of trust by the agent or broker. Responsibilities of Channel Members The producer and the intermediaries need to agree on the terms and responsibilities of each channel member. Explain the rating procedures if the policy is rated differently than applied for C. Disclose commissions earned from the sale of the policy D. Explain the policy provisions, riders, and exclusions. Check all that apply. All of the following are responsibilities of operations managers except a. acquiring financial resources b. managing inventories c. planning production d. scheduling production Ans: A, LO: 1, Bloom: K, Difficulty: Easy, AACSB: None. Change any incorrect statement on the application by personally initialing next to Provide information about the campus and the community B. The producer is responsible for shaping the project, from script selection, to hiring a director, to approving any major changes to the film or television show. Decisive actions that require significant commitment and enforcement are never popular, even if lives can be saved. A producer Agent must do all of the following when delivering a new policy to the insured EXCEPT Disclose commissions earned from the sale of the policy. All of the following are producer responsibilities, EXCEPT: A Represent the insurer B Issue policies C Solicit and accept applications, and forward them to the insurer D Provide quotes and collect premiums 1.Recording and distributing tariffs collected on imports and exports., 2.Revenues will rise by more than costs, increasing the firm's profit, 3.Total revenues exceed total costs, 4.Selling more output will increase marginal revenue by less than marginal cost All of the following are responsibilities of the world trade organization except _____. acquiring financial resources b. managing inventories c. planning production d. scheduling production Ans: a. a . Transcribed image text: Chapter: Practical Applications of Ethics Question 1 of 8 All of the following are agent's ethical responsibilities to policyowners EXCEPT A Share commissions with the customer. Obtain information regarding the in force policies including name and policy numbers b. All of the following are duties and responsibilities of producers at the time of application EXCEPT. What were the effects of the flood on the region?
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