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last section ethics
| Question | Answer |
|---|---|
| captive agency system | which are branches of major stock and mutual insurance companies that are contracted to represent a specific insurer |
| independent agency system | which places business with an assortment of insurers. |
| direct writers | are insurers who employ captive agents that sell the products of the one individual direct writing insurer they represent. The insurer owns the renewals or expirations; |
| exclusive agency system | is a distribution system made up of independent contractors who agree to market products of one exclusive insurer |
| direct mail or direct response systems | which market their product through the mail or media (i.e., newspaper, T.V., radio). |