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Under one life insurance marketing system, agents conduct sales interviews at the workplace with the approval of the management of the business. There are few direct costs to the employer, and this marketing system is especially appropriate for low-income and middle-income workers. This life insurance marketing system is called the

The National Association of Insurance Commissioners (NAIC) administers an “early warning system” to help ensure insurance company solvency. This system uses data provided in the annual statement to identify companies that may pose a solvency risk. This early warning system is called

Which of the following statements is true with regard to career life insurance agents?

Under one type of rating law, insurers are free to change rates and to use modified rates immediately. However, the new rate must be filed with regulators within a specified period, such as 60 days after the modified rate is employed. This type of rating law is called

Advantages of the direct response system for marketing life insurance include which of the following?I.Advertising can be specifically directed to selected markets.II.Complex products can be easily sold.

Which of the following statements about Blue Cross and Blue Shield plans is (are) true?I.Blue Cross and Blue Shield plans can be organized on a nonprofit basis or on a for-profit basis.II.Blue Cross provides coverage for hospital services; Blue Shield provides coverage for physicians’ and surgeons’ fees.

Bob purchased insurance on his home with an insurer that was not licensed to do business in the state. In this case, which requirement to form a binding insurance contract is lacking?

The limbic system is highly associated with

An insurance company incorporated in another state has been licensed to operate in your state. In your state, the insurer would be considered a(n)

Which of the following statements about life insurance marketing systems is true?