01.Core Concepts

5.1 Describe the major types of private insurers, including the following: Stock insurers Mutual insurers Reciprocal exchanges Lloyd’s of London Blue Cross and Blue Shield plans Managed care plans Captive insurers 5.2 Describe the different types of agents and brokers, including the following features: Compare the powers of life insurance agents with property and liability insurance agents Explain the role of a surplus lines broker Describe the role and powers of a managing general agent