Matching Pairs Risk Chp.5 pt 3Online version Risk Chp.5 pt 3 by Ryan Brown 1 Lloyd's 2 Mutual Holding Company 3 Mutual Insurer 4 Managing General Agent (MGA) 5 Personal-Producing General Agent (PPGA) 6 Producers 7 Advance Premium Mutual 8 Direct Writer 9 Direct Response System 10 Assessment Mutual is not an insurer but is the world's leading insurance market that provides services and physical facilities for its members to write specialized lines of insurance. is a specialized type of "wholesale" producer that, unlike "retail" producers, is vested with underwriting authority from an insurer. mutual insurance company owned by the policyholders that does not issue assessable policies but charges premiums expected to be sufficient to pay all claims and expenses. insurance company in which the salesperson is an employee of the insurer, not an independent contractor, and which pays all selling expenses, including salary. In property and casualty insurance, the term direct writer is also used to describe insurers that use the exclusive agency system. ( see also exclusive agency system) mutual insurance company that has the right to asses policyholders for losses and expenses. term used to describe an above-average salesperson with a proven sales record who is hired primarily to sell life insurance under a contract that provides both direct and overriding commissions. a marketing method where insurance is sold without the service of an agent. Potential customers are solicited by advertising in the mails, newspapers, magazines, television, radio, and other media. is where a mutual insurer is reorganized as a holding company that own or acquires control of stock insurance companies that can issue common stock. insurance corporation owned by the policyholders who elect the board of directors. The board appoints managing executives, and the company may pay a dividend or give a rate reduction in advance to insureds. are intermediaries who are licensed as agents and/or brokers and who sell most insurance policies today.