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Author Question: Which of the following statements is true regarding independent insurance agents in property and ... (Read 105 times)

vHAUNG6011

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on: Jul 11, 2018
Which of the following statements is true regarding independent insurance agents in property and liability insurance?
 
  A) The insurer owns the expiration rights, not the independent agent.
  B) Independent agents are only permitted to represent one insurance company.
  C) Independent agents are paid the same commission rate on new and renewal business.
  D) Independent agents are not permitted to sell life and health insurance.

Question 2

Which of the following statements is true with regard to career life insurance agents?
 
  A) They represent several different life insurance companies.
  B) They are compensated largely through a salary and not through commissions.
  C) They are paid the same commission rate on new and renewal business.
  D) The insurer provides financing, training, supervision, and office facilities for career agents.


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janeli1

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D


vHAUNG6011

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Reply 2 on: Jul 11, 2018
:D TYSM

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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