Identify the correct statement about the general agency system.
A)A special agent is authorized by contract with the insurer to sell insurance in a specified territory.
B)The primary responsibilities of the general agent are to select, train, and supervise subagents.
C)Subagents are agents of the general insurer rather than of the insurer.
D)Unlike the special agent, a general agent has no incentive to recommend a high-commission product.
E)General agents are also known as special agents.

Question

Quizplus · Accepted Answer

The primary responsibilities of a general agent indeed include selecting, training, and supervising subagents within the agency system. This role is crucial for maintaining the quality and effectiveness of the insurance sales force.

Identify the Correct Statement About the General Agency System