Identify the correct statement about independent agents.
A)They usually represent a single insurance company.
B)They are compensated on a salary basis by the insurance firm.
C)They pay all agency expenses.
D)They have the responsibility of collecting premiums on all circumstances.
E)Legally, they represent the customers.

Question

Quizplus · Accepted Answer

Independent agents typically cover their own agency expenses, unlike captive agents who may have some expenses covered by the insurance company they represent.

Identify the Correct Statement About Independent Agents