Author Question: As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium ... (Read 90 times)

arivle123 · **on:** Jun 24, 2018

As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium for property insurance on a new warehouse in the amount of 975,000. The building is structural classification C and area rating 3. In addition, Oceana will require contents insurance in the amount of 2,100,000. What is the amount of your quote? (Use Table 19-4 from your text)

Question 2

A commission paid in advance of sales and later deducted from the commission earned is called a draw against the salary.
Indicate whether the statement is true or false