Personal Lines-California Insurance Question 100% Answered

Loss due to resignation, retirement, or death of a key employee is what type of loss exposure {Ans: Personnel}Not a benefit of Insurance is: {Ans: Risk retention}Domestic {Ans: Organized under the laws of California}Solicitor {Ans: Employed and appointed by a broker or agent to represent them in transacting Insurance. Cannot bind coverage}Brokers {Ans: Transact p&c. Not appointed and transact on behalf of another insured/buyer and not the insurer. Can charge buyer a fee. Cannot bind coverage}Captive insurer {Ans: Company/organizations/group of affiliates, forms a subsidiary. Purpose of having the subsidiary provide all insurance on the parent company}