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Which of the following is not part of sales process?

A. Prospecting

B. Sales interview

C. Loss assessment

D. Closing

Answer: Option C

Solution(By Examveda Team)

Loss assessment is not part of sales process. Loss assessment is defined as insurance coverage for condo owners that provides protection for situations when you as an owner of a shared property, like a condominium or co-op, is held financially responsible for a portion of the costs for deductibles or damage to: The building.

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Related Questions on Insurance

Which of the following statements is correct

A. Ethical behavior is impossible while selling insurance

B. Ethical behavior is not necessary for insurance agents

C. Ethical behavior helps in developing trust between the agent and the insurer

D. Ethical behavior is expected from the top management only

State the correct position

A. In Money Back Claim on maturity the balance sum alone is payable along with attached bonus, if any

B. In the above case full sum assured is payable

C. Nothing more is payable after the instalments are paid to the assured

D. On death before the end of the policy in the above case the balance sum is payable