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Peggy Is an Independent Insurance Agent Who Places Substantial Amounts

Question 52

Multiple Choice

Peggy is an independent insurance agent who places substantial amounts of business with XYZ Insurance Company.XYZ pays Peggy a bonus when she meets a sales goal.XYZ also allows Peggy to recruit and train sub-agents.She receives additional commissions based on the sales generated by the sub-agents.Based on this description,we can conclude that Peggy is a


A) direct writer.
B) personal producing general agent.
C) multiple line exclusive agent.
D) broker.

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