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

Author Question: Which of the following statements is true regarding independent insurance agents in property and ... (Read 118 times)

vHAUNG6011

  • Hero Member
  • *****
  • Posts: 514
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D


vHAUNG6011

  • Member
  • Posts: 514
Reply 2 on: Jul 11, 2018
Excellent

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Classification of Antihypertensive Agents Classification of Antihypertensive Agents
Independent assortment versus genetic linkage Independent assortment versus genetic linkage
Examples of Mutagenic Agents and Their Consequences Examples of Mutagenic Agents and Their Consequences
DNA intercalating agents DNA intercalating agents
Light-independent reactions in C4 plants Light-independent reactions in C4 plants
Video: Sperm Formation

For a complete list of videos, visit our video library