The independent agent system:
A) is used by direct writing companies
B) uses agents who own their own business
C) is used only in life insurance
D) requires agents to be paid a flat salary

Question

Quizplus · Accepted Answer

The independent agent system uses agents who own their own business and work independently. They are not employees of the insurance company and are compensated through commissions on the policies they sell. This system is commonly used in property and casualty insurance.

The Independent Agent System