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 50 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?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

The life cycle of the early diverging moss genus, Sphagnum, illustrating reproductive adaptations th The life cycle of the early diverging moss genus, Sphagnum, illustrating reproductive adaptations th
Biotechnology Companies and Fighting Cancer Biotechnology Companies and Fighting Cancer
The four stages of life expressed in five different primates. The four stages of life expressed in five different primates.
David Brooks, Imbroglios (A Phylogenetic Tree, from Homo Sapiens to Megalops Atlanticus). David Brooks, Imbroglios (A Phylogenetic Tree, from Homo Sapiens to Megalops Atlanticus).
Simplified view of retrovirus life cycle Simplified view of retrovirus life cycle
Integrals for Life Integrals for Life
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library