Question

What is the pattern followed by many insurance companies?

a.

Separate departments for processing and underwriting new business, marketing, policy servicing, claims, legal, personnel and so on.

b.

Separate departments for purchases, production, quality control, etc.

c.

Separate departments for ginning, spinning, weaving, dyeing, etc.

d.

None of the above.

Posted under IC90 Human Resource Management

Answer: (a).Separate departments for processing and underwriting new business, marketing, policy servicing, claims, legal, personnel and so on. Explanation:The pattern followed by many insurance companies is separate departments for processing and underwriting new business, marketing, policy servicing, claims, legal, personnel and so on.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the pattern followed by many insurance companies?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. On what basis can grouping be done while departmentalisation?

View solution

Q. What is a line function?

View solution

Q. What is a 'line' function in an organization?

View solution

Q. What is a 'staff' function in an organization?

View solution

Q. What is the trend in recent times with regards to line and staff functions?

View solution

Q. What is 'span of control'?

View solution

Q. Why is 'span of control' considered to be a very useful concept in management?

View solution

Q. What is the meaning of the term "span of control"?

View solution

Q. Which of the following factors affects the optimum number of subordinates a manager can control and supervise?

View solution

Q. Which of the following is true regarding the nature of work and its impact on span of control?

View solution

Q. What is the range of the optimum number of subordinates a manager can control and supervise, according to experts?

View solution

Q. Which of the following determines the span of control?

View solution

Q. What is the expression used to refer to the number of persons who report to any one superior?

View solution

Q. What are the factors relevant to determining the optimum number of subordinates a manager can control and supervise?

View solution

Q. What happens to the hierarchy as the span of control increases?

View solution

Q. What is the trend regarding the number of levels in the hierarchy?

View solution

Q. What is the definition of authority in an organization structure?

View solution

Q. How does authority flow in an organization structure?

View solution

Q. What is the difference between a highly centralized and highly decentralized organization structure?

View solution

Q. What are the advantages and disadvantages of centralization and decentralization?

View solution
View All MCQs on IC90 Human Resource Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC90 Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Bioinformatics

Unlock the power of data analysis in biology with our Bioinformatics category....

Analytical Instrumentation

Dive into the world of precise measurements with our Analytical Instrumentation...

Electrical Measurement and Instrumentation

Unlock the world of electrical measurements with our dedicated category. Explore...

Cytogenetics

Delve into the genetic mysteries of chromosomes with our Cytogenetics category....

International Relations

Navigate the complex world of International Relations with our dedicated category....

General Knowledge

Expand your horizons and stay informed about the world with our General Knowledge...

Enzyme Technology

Unlock the power of enzymes with our Enzyme Technology category. Explore enzyme...

IC85 Reinsurance Management

Gear up for success in the Insurance Institute of India (III) examination with IC85...

Automotive Engine Design

Embark on a thrilling exploration of Automotive Engine Design, where the intricacies...