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Horizontales
Property and ___________ are considered ordinary risks.
A Medical type of insurance that covers the Employer during day-to-day business.
When the market is difficult to place risk
When the market is open, and carriers are writing policies easier, this is called _________ market.
Brokers usually work as a __________ Party for bringing the Agent and Insured together
Non-Standard Markets
Part of the considerations for placing business is it's _________ standing
A type of insurance coverage, that covers places like Hospitals, Power Plants, etc
This type of insurance covers the home.
Standard risks are placed in standard markets, ____standard risks are usually placed in Surplus lines.
Verticales
When a carrier is licensed in the state which the policy is sold.
The third party person who brings the agent and carrier together, and is usually paid between 15-17 percent in commission.
Not a grocery store, but a ________ for placing risks
When a carrier is not licensed in the state which the policy is sold.
This is the way to monitor Surplus Lines thru government agencies
Policies that fall under standard Markets are called ___________ risk
__________ risks are placed in Surplus Lines