age 1 of 28
CIC Agency Management Final Exam Prep 2025/2026
ACCURATE QUESTIONS AND VERIFIED CORRECT
SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <LATEST VERSION>
Organizational Structures Available to Insurance Agencies
......ANSWER........Sales Oriented vs Service oriented
Large Agencies vs Small Agencies
Publicly Traded Vs Privately Held
Impact of Federal & State Regulations on Agencies
......ANSWER........Why do we have regulations?
-To make sure we keep promises
-Interstate Commerce
,age 2 of 28
-Consumer Protection
-Viable Insurance Marketplace
Characteristics of the 5 stages of Agency Growth
......ANSWER........(ESSTM)
1. Existence - agency struggle, must be creative to move, basic
staff, owner does everything
2. Survival - Ongoing concern, must have direction to grow,
owner heavily involved, balance revenues & expenses.
3. Success - Profitable, can stay or grow, must be sales oriented
to grow, owner not as involved.
, age 3 of 28
4. Take-Off - Expands quickly, coordination to grow, increase
staff, $=People, Delegation no longer and option
5. Maturity - Developed, tends to be large, focus on $ &
planning
Types of Company Markets available to agents
......ANSWER........Standard Markets
-Stock - Owned by Stockholders
-Mutual - Owned by policyholders
-Direct writers - exclusive
Alternative Markets
-Excess Surplus
- MGA's
CIC Agency Management Final Exam Prep 2025/2026
ACCURATE QUESTIONS AND VERIFIED CORRECT
SOLUTIONS WITH RATIONALES || 100%
GUARANTEED PASS <LATEST VERSION>
Organizational Structures Available to Insurance Agencies
......ANSWER........Sales Oriented vs Service oriented
Large Agencies vs Small Agencies
Publicly Traded Vs Privately Held
Impact of Federal & State Regulations on Agencies
......ANSWER........Why do we have regulations?
-To make sure we keep promises
-Interstate Commerce
,age 2 of 28
-Consumer Protection
-Viable Insurance Marketplace
Characteristics of the 5 stages of Agency Growth
......ANSWER........(ESSTM)
1. Existence - agency struggle, must be creative to move, basic
staff, owner does everything
2. Survival - Ongoing concern, must have direction to grow,
owner heavily involved, balance revenues & expenses.
3. Success - Profitable, can stay or grow, must be sales oriented
to grow, owner not as involved.
, age 3 of 28
4. Take-Off - Expands quickly, coordination to grow, increase
staff, $=People, Delegation no longer and option
5. Maturity - Developed, tends to be large, focus on $ &
planning
Types of Company Markets available to agents
......ANSWER........Standard Markets
-Stock - Owned by Stockholders
-Mutual - Owned by policyholders
-Direct writers - exclusive
Alternative Markets
-Excess Surplus
- MGA's
