This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: David is a successful independent insurance agent. Recently, one of the life insurance companies ... (Read 98 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jul 11, 2018
David is a successful independent insurance agent. Recently, one of the life insurance companies with whom he places business offered him a special financial arrangement. If David meets sales targets, he will receive large bonuses.
 
  He will also be able to recruit and train sub-agents and receive an over-riding commission based on the amount of life insurance the sub-agents sell. Based on this description, David is a(n)
  A) insurance broker.
  B) personal-producing general agent.
  C) direct writer.
  D) multiple life exclusive agent.

Question 2

Which of the following is a characteristic of a typical mass merchandising plan?
 
  A) higher commission scales for agents and higher administrative expenses
  B) payment of premiums through payroll deduction
  C) group rather than individual underwriting
  D) contributions by the employer to the cost of coverage


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


yoooooman

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 11, 2018
TY


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

These species are all at risk of extinction. Species with “slow” life-h These species are all at risk of extinction. Species with “slow” life-h
Independent Assortment p1 Independent Assortment p1
1–12 Elements essential to animal life and health 1–12 Elements essential to animal life and health
Drug elimination: half-life to steady state. Drug elimination: half-life to steady state.
Cellular basis of life. Cellular basis of life.
Light-independent reactions in C3 plants. Light-independent reactions in C3 plants.
Video: Rena arc construction

For a complete list of videos, visit our video library