Reference no: EM131052845
Insurance Operations Chapter 5 Problems
1. Describe the benefits an insurer receives by offering risk control services through agents in the independent agency system.
2. Compare how the risk control function assists an insurer's marketing staff with applicants and with existing customers.
3. Explain the primary reason for premium auditing.
4. Describe how premium auditing contributes data to the ratemaking process.
5. Explain how premium auditing reinforces the confidence of insureds.
6. Describe the process of auditing risk.
7. Explain why accurate premium audits are important for insureds.
8. Explain how the accuracy of a premium audit affects an insurer's collection of premium.
9. Explain the importance of premium auditing in classifying insured exposures.
10. Explain why timely premium audits are important to marketing and sales.
Text Book: "Entitles Insurance Operations 2nd edition".
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