Which of the following statements is true about a general agent?
A) They are employees of insurance companies.
B) While working for an insurance company, they are given the title of agent or special agent.
C) They may be agent or brokers for the insurer.
D) They are authorized by contract with the insurer to sell insurance in a specified territory.
E) Their primary responsibility is to selling insurance to multimillion dollar companies.
Correct Answer:
Verified
Q35: This analysis is a highly specialized mathematic
Q36: The insured goes with the independent agent
Q37: Direct writer market insurance through:
A)independent agents.
B)general agents.
C)subagents.
D)special
Q38: They are composed of sophisticated statistical and
Q39: Identify the correct statement about financial planners.
A)They
Q41: During the credit crisis of 2008, subprime
Q42: The company taking over the risk in
Q43: Glen works in the insurance industry.His new
Q44: Identify the incorrect statement about reinsurance.
A)It increases
Q45: Summarize the process reinsurance.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents