Which of the following activities are NOT considered transacting insurance in the context of a Joint Underwriting Association (JUA)? A) Paying claims B) Getting applications C) Mak... Which of the following activities are NOT considered transacting insurance in the context of a Joint Underwriting Association (JUA)? A) Paying claims B) Getting applications C) Making phone calls D) Collecting premiums/fees E) Issuing policies
Understand the Problem
The question is asking to identify which activities listed are not involved in transacting insurance within a Joint Underwriting Association. This involves an understanding of the roles and functions of a JUA in the insurance process.
Answer
Making phone calls.
Making phone calls is not considered transacting insurance in the context of a Joint Underwriting Association (JUA).
Answer for screen readers
Making phone calls is not considered transacting insurance in the context of a Joint Underwriting Association (JUA).
More Information
In the context of a Joint Underwriting Association, activities like paying claims, getting applications, collecting premiums, and issuing policies directly involve handling or processing insurance and are considered part of transacting insurance. Making phone calls, however, is generally considered an auxiliary task that supports these primary activities.
Tips
It's common to mistake administrative or support tasks (like making calls) for direct insurance transaction activities. Always focus on activities directly related to managing or enforcing insurance contracts.
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