...rRole of an insurance agent / broker Insurance agents and brokers play an important role in marketing life insurance policies. They are the face of the insurance company.Most of the insurance policies world over are sold by insurance agents and brokers. From the insurance company point of they are the marketing and selling agents for their insurance plans. The following are the basic function they should perform. -Provide all the necessary application forms. -Submit application forms to the company. -Arrange for all the medical tests and related formalities. -Provide reminders premiums payments and return receipts. -Should help you make necesary changes in address ,nomination etc. -Help in the process of assignment -Assist you for any loan applications and related formalities -Should help you revive lapsed policies -Assist in claiming death benefits, if required ____----- ROLE OF AN INSURANCE AGENT The role of an insurance agent is to supply a comprehensive policy which will provide adequate protection in the event of a loss on your new home. It should offer coverage for your dwelling, personal property, loss of use, and liability. The amount of insurance should be equal to the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate the replacement value of your new home. Although provisions of the basic homeowner contract are...
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...Yes there are differences between an insurance agent and an insurance broker. An insurance broker represents the person who is looking to purchase insurance; the broker’s job is to find the buyer the best policy. To find the best policy for the buy an agent will do comparison shopping for their customer. Anyone can become and insurance broker as long as they complete the required training in the state that are selling insurance. Because the laws and practices change in the insurance industry the broker must keep up to date with continued education. Brokers can work with any company because they are independent contractors. Insurance agents will need training and to be licensed in the state they sell insurance just like the broker. The agent is licensed to sell for one or more specific insurance companies. In most cases the insurance agent is employed by a single insurance company, this type of agent is called a captive agent, and can only sell the products the company they work for sells. The difference from an insurance agent and an insurance broker can be important to the consumer. The importance of the differences depends on whether or not the consumer knows what kind and how much coverage they will need. If you know how much coverage you will need then it will probably be best to deal with the insurance company. On the other hand if you are unsure then it would be best to deal with an agent or broker. The agent works for a particular company and will want to sell you...
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...There are two ways you can choose and insurance company either by enrolling the help of an Independent insurance agent or by scouting for the right company yourself. An Independent Agent is a small business owner who represents a number of insurance companies, different from agents employed by large insurance companies that employ agents to sell their products. They are the middlemen of insurance. Why use an independent Insurance Agent? One would wonder why in this digital age one would look for the services of an independent insurance agent. Legally and literally your agent works for you and should put your interests before that of the insurance firm - though they are paid by them - and their own. Similar to travel agents, their experience in the industry can make a whole lot of difference in getting you the right package at a fair price - inclusive of their fees than what you could get on your own. Here are some reasons why using an independent agent makes sense....
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...While doing my research, I found that being an insurance agent for Farmers Insurance Group would be a very intriguing career field for me. Some of the attributes of a good insurance agent are a willingness to learn, competitiveness, strong communication skills, organizational skills, along with honesty and integrity. I feel that I fit that mold and could be successful in this career field. According to the website www.glassdoor.com, a Farmers Insurance agent’s salary can range between $10,160 to $110, 397 annually. Some of the liabilities I would have in this career field are the loans (which I will address later), the rent payment, utilities, etc. The assets appear to far outweigh the liabilities. I would have to acquire a license to sell...
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...professional behind the scenes to help them understand contracts and improve their financial situation. Agents and business managers have good incomes, require the ability to multitask, and enjoy a daily changing career. Agents have a surplus of tasks and duties that challenge them daily. According to the book 200 Best Jobs for College Graduates, agents “represent and promote artists, performers, and athletes to prospective employers. Many handle contract negotiation and other business matters of clients” (“Farr et al. 147”; “Agents and Business...
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...with an insurance agency owner. This agency deals with personal lines as well as commercial lines of insurance and also focuses on health insurance and life insurance. Equipping insurance agents with iPads/iPhones that have multiple apps on them will allow the agent to do a better job in the field. They would be able to access their current client information, write new business, and make changes to existing business/policies (such as add a vehicle or drop a vehicle from a policy); they could accomplish all of this without being in their office. In fact, they could make these changes in a client's home or at a coffee shop with or without their client being present. SIDE NOTE: we also discussed an app for their clients to use that would allow them to access their insurance information, such as ID cards, when premiums are due, the ability to pay the premiums, etc. (this app would be branded around this particular insurance agency). How would it improve the business process? Having the ability to handle things for their clients as they come up would allow the agency and the agents to be a lot more efficient. It could also play a major role in reducing E & O (errors and omissions) claims, this situation occurs if an agent forgets to do something such as add a vehicle to the policy and then that said vehicle is involved in an accident. In this case, the agent and/or agency would be involved in a lawsuit. And how would the company benefit from it? Allowing the agents to be...
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...Create a job description and specifications for your dream job. My dream job would be a fashion buyer (you may know it as apparel buyer). I have always love high end fashion. As a child I would go into my mom’s closet and dress myself with her jewelry, pumps and different high end clothes. My mother always had different designer closes and shoes. I do believe that is where I began to love fashion because she would always dress very stylish. I grew to love to dress other people and show them how to put stuff together. My sisters would come and ask me what looked good together and what did not. By the time that I was 18 I would have my family members asking me about fashion. Then before I knew it it was something that I was doing naturally. I have come to realize that most people have no idea as to what all is involved in fashion. People do not understand that fashion does not only include putting colors together. I have a cousin that is a fashion buyer with Neiman-Marcus. She has been working for them for about 10 years now. She went to the University of New York to earn her degree in Business Management. She has been my inspiration as a fashion buyer. Being in this field of fashion allows you to travel across the country and it also allows you to be able to attend the different fashion weeks across the country. I am attending Strayer University and majoring in Business Management because if you have a degree in business you are able to earn more money. The money that you make...
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... This will cause the simulator to wait until at least one of the deliberation processes has finished and another event (completion of the process) can be scheduled. 1 5 Evaluation: Agents in T ILEWORLD Initially, T ILEWORLD was developed to test different control, particularly commitment, strategies of IRMA agents [9, 8]. 1 1 2 3 4 5 6 7 B (1) 6/2 A (2) 4/3 B (3) 10/5 2 3 4 A (3) 9/6 5 TGA 6 7 A C A B A A A A C (2) 10/8 OGA C A A A B B C (3) 8/6 B (1) 10/7 A search space and implies a costly deliberation with respect to computing time and memory. The T ILEWORLD scenario we have chosen comprises an 8 by 8 grid, 1000 units of simulation time, and a real-time knob, i.e. factor, of 1. Thus, 1 unit of simulation time should be about 1 second. The grid elements change, e.g. holes and tiles appear and disappear, every 50 time units with a probability of 40%. All agents we tested had a scan range of 5 grid elements, limited, but sufficient fuel, and were planning for two goals simultaneously. Within our implementation of T ILEWORLD scanning requires intensive message exchange. The experiments were run on 2 Ultra 2 machines equipped with about 200 MB each. Each experiment consisted of 15 runs. We first put our algorithm to test using one single agent in the T ILEWORLD....
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...course concepts from the psychological contract piece of the readings and tell how it was represented, in the movie, through Cypher and Morpheus. Introduction In the movie, The Matrix, several characters make up this thought provoking movie. The focus takes place between a ship inhabited by humans who are fighting against a computer program. This program simulates what appears to be very realistic lives of people that live on earth. However, early in the movie, it is revealed, “the machines’ and computer programs called “agents” are a real threat to the remainder of humanity. The primary set of characters takes us through the past, present and future of humankind’s war against technology. Technology that is being used to oppress rather than empower. The following characters this paper will focus on are: Trinity, Neo, Agent Smith, Cypher and Morpheus. Trinity is a hacker who escaped from “The Matrix.” Agent Smith is the most unique of the other agents. Smith is doggedly determined to maintain and uphold the program, as he believe it keeps the necessary balance to control humans. Morpheus is a passionate inspirational leader and a teacher who strives to influence others not to succumb to the regime of the program. Neo, is a naïve, computer programmer who continues to be the outcast. His awkward demeanor actually lends to what is revealed later as a higher level of thinking; beyond the modus operandi. Deeper...
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...Milgram’s Agency Theory |Following on from his research, Milgram proposed the Agency Theory as an explanation for why people behave the way they do, | |especially when it comes to being obedient. He suggested that participants in his studies were in an agentic state, acting as | |an agent for the experimenter even though they were under moral strain. There is an EVOLUTIONARY aspect to Agency Theory – | |likely that humans who worked on a hierarchical social system were more likely to survive. It is also likely there is a | |LEARNED aspect to being in an agentic state, as schools and other social systems rely on power structures and on people | |obeying those in authority. | [pic] [pic] [pic][pic] | | | | | | | | | | | | | | | | ...
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...Tom’s REA Matrix Exercise Educational Objectives The purpose of this exercise is to help students develop their understanding of the definitions of events, resources, and agents by identifying these components in a short case. After completing this exercise, students should be able to perform the following activities for Tom's sales and collection process: • Define an event and identify and describe the events Tom's events • Define a resource and identify and describe the resources associated with each of Tom's events • Define an agent and identify and describe the agents associated with each of Tom's events • Describe the following additional attributes of each of Tom's events: ✓ Purpose ✓ Risks associate with each event ✓ Examples of data elements an information system should record about each event ✓ Whether the system should or should not record certain attributes of the event (i.e., describe "dotted line" relationships) • Determine the system will need to record the agent or event related to an event (i.e., identify "dotted line" relationships. Instructions Develop a REA Matrix for the Sales and Collection Processes of Tom's Trailer Sales. For simplicity, do not consider the bookkeeper's activities involving the processing of cash received as part of the Sales Processes. These activities fit more closely into a separate group of activities for cash processing. In addition, don't worry about recording...
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...Innovation This chapter discusses what needs to be considered when changing an organization. Some of these changes would be the input and the technological aspect of the business. I retained the most information from this chapter in the section of change agents. There are three agents of change; external, internal and external-internal change agents. External agents of change are temporary. They are used in situations where an organization needs help individual and group behavior. External agents are usually professors or private consultants. Internal agents of change are already apart of the business. They already know how to change an organization. In most cases they are managers who have recently been brought into organization that needs help. External-Internal agents are the combination of both external and internal. An organization uses both approaches to change the problems that have arisen. Question My thought-provoking question is how effective are external and internal change agents? I want to know why because what would be the next step to take to get the company at a good performance level. I know this works in most cases because I have seen it happen. I am just curious. Personal Implication Internal change agents personally affect me the most. My dad is a general manager at Applebee’s and he usually gets sent to stores that have a poor performance. He knows how to run a restaurant successfully. My dad has to go into the store as a customer to see how the employees...
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...collection agency and they would in turn contact you and let you know that your account has been turned over to their company to collect the debt on behalf of the original company. When it comes to an undisclosed principle, it’s just that, not disclosed, no information is given on that agent. They still are working either on their own behalf or through a company and do not want their information public. For example, if I was under an undisclosed principle I would not go into a meeting and say, “I am here on behalf of Yellowstone National Park”. This information would not be given out. For a partially disclosed principle, at the time of the deal, the person may know that the other person he is dealing with is portraying themselves as an Agent but does not know who the main source or principal is. For example, if I am speaking on behalf of a national park and I am trying to build a new park, if the person that I was trying to buy the land to build the new park on knew that I already worked for the larger national park they would try to increase the price tremendously. Duties that an agent owes to a principal are: Loyalty- their duty is to act only for the good of their principal; Obedience- the agents’ duty to do what the principal...
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...Differentiate between the two types of change agents and how one or both can be used in this scenario Change agents in the management field are the first order incremental change and the second order discontinuous change. First order incremental change is anticipatory in its tuning and development and at times paradoxically. First order incremental is a continuous change that may incur acclimation to edifices and proceedings. Second order discontinuous change is fast change that is radical and alters the organization at its core. The big difference between first order and second order change agent is that first order involves development whereas second order does not. What second order entails is the transforming of an organization, which has three different types. Type one is where the organization transitions from an entrepreneurial state to professional state such as FedEx. Type two involves a company that is already established and needs to be revamped or have an overhaul to function how it’s suppose. Type three is the transformation of an established company that may have started as a particular entity but has expanded its services, such as Starbucks. (Palmer, Dunford, & Akin, 2006). First order change agent can be used best within the Coca-Cola organization because of its incremental nature. Since the technicians are scattered throughout regions, a section of that region can be the test phase for the GPS tracking system and the pay per day rate. This region...
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...???? as Antistay Panagos, Chorus ???? as Raemon Panagos, Choragus, Guy #1, Head of the police ???? as Ron Panagos, Kim, Agent Brown Choragus: Our motif is Choices and Consequences. The scene that we based ours on was when Ismene and Antigone were arguing over the burial of Poleynices. Prologue: Pg. 968-972 Lines: 1-84 Chorus: Words pierce feelings, like bullets pierce flesh, Drowning in hate, thirsting for love, The burning love of a father is smothered by the ignorance of the youth, Is the unknown bliss? Or knowing you are the one at fault? Choragus: A chilly night, sparked by conflict sets the scene for this unexpected twist. In the quiet walls of this suburban home is plagued by the annoyed voices of a single father, and his two children. Scene 1: Choragus: In the family living room; Antistay, Ron, and Raemon are arguing over whether or not Antistay should go to a party that starts after midnight Antistay: I can’t believe you Dad!! Anyone who is anyone will be at this party! Ron: Don’t you dare speak to me that way Antistay! I don’t want you staying out past curfew. You have a list of chores to do. I’m counting on you. Raemon: Stop complaining Antistay. You’re not anyone anyways. Antistay: Shut Up Raemon!! I’m not complaining! Raemon: Listen to Ron, he needs someone to count on. It’s not going to be me, I’m 18, and I don’t have to listen to his tyranny. Ron: Stop arguing, both of you! I know one thing...
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