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Author Question: Which of the following statements about the exclusive agency system for marketing property and ... (Read 43 times)

magmichele12

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  • Posts: 559
on: Jul 11, 2018
Which of the following statements about the exclusive agency system for marketing property and liability insurance is true?
 
  A) Exclusive agents typically have complete ownership of policy expirations.
  B) A higher commission rate is usually paid on exclusive agents' renewal business than on new business.
  C) Exclusive agents represent several different insurance companies.
  D) New exclusive agents may start as employees and after a training period become independent contractors.

Question 2

Advantages of the direct response system for marketing life insurance include which of the following?
 
  I. Advertising can be specifically directed to selected markets.
  II. Complex products can be easily sold.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II


31809pancho

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

Answer: D

Answer to Question 2

Answer: A


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