Assured Insurance Company deals directly with insureds and does not have any agents. Assured is
A) a mass marketer
B) an independent insurer
C) a reciprocal insurer
D) a direct writer"
Ans: D) a direct writer"
Business
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The most general term for the global phenomenon involving reciprocal business interactions between parties in various countries is known as:
A) switch trading. B) barter. C) offset. D) compensation trading. E) countertrade.
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What is the fill rate under this policy?
A) 0.9398 B) 0.9833 C) 0.9921 D) 0.9998
Business