An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base.
bancassurance
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15
.................simply means the customers reach out to the insurer directly to buy a product.
Direct sale
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trap
No points!
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rocket
Go to first place!
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fairy
Take points!
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baam
Lose 25 points!
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15
An ................... is a professional who represents consumers in their search for the best policy for their needs.
insurance broker
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15
In insurance, a certain percentage of premium produced that is retained as compensation by insurance agents and brokers.
commission
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a breach of a duty of care which results in damage
negligence
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Someone who is paid by a financial organization to sell and give advice only on its investment products, not on those of its competitors.
tied agent
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trap
No points!
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magnet
Take 20 points!
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fairy
Take points!
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baam
Lose 25 points!
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eraser
Reset score!
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fairy
Take points!
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gift
Win 25 points!
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lifesaver
Give 20 points!
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15
................ is the complete and full revealing of information relevant to a particular issue.
Disclosure
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A professional who offer independent advice on financial matters to their clients and recommend suitable financial products from the whole of the market.
independent financial advisor
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An amount paid for fixed assets, for expenses related to the acquisition of a new customer, or for the takeover of a competitor.
acquisition cost
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A single payment made at a particular time, as opposed to a number of smaller payments or instalments.
lump sum
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15
Thee part of an insurance claim to be paid by the insured.
deductible
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15
The insurance ............. is the sum of money an individual or business must pay for aninsurance policy.