Which one of the following insurance producer functions involves locating persons, businesses, and other entities that...

Which one of the following insurance producer functions involves locating persons, businesses, and other entities that may be interested in purchasing the insurance products and services offered by the producer’s principals? Select one: a. Prospecting b. Policy issuance c. Risk management review d. Sales

Expert Solution

Answer:

a. Prospecting

Explanation:

Prospecting function of insurance producer involves in locating persons, businesses, and other entities that may be interested in purchasing the insurance products and services offered by the producer’s principals.

The policy issuance function deals with matters related to issuance of policies and risk management review takes care of risk management and underwriting. There may be overlaps between sales and prospecting functions but here prospecting is most appropriate option.

As such option a is correct and other options b, c and d are incorrect.

jeff jeffy answered 2 years ago

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