An independent agent owns the x-date.Identify the correct explanation for this statement.
A)The agent has he right to contact the customer when a policy is due for renewal.
B)The agent pays all agency expenses.
C)The agent has the responsibility of collecting premiums in all circumstances.
D)The agent makes all decisions concerning how the agency operates.
E)The agent makes all decisions about the insureds method of paying premiums.

Question

Quizplus · Accepted Answer

The x-date, or expiration date, refers to when a policy is due for renewal. An independent agent owning the x-date means they have the right to contact the customer for renewal, which is a significant advantage in maintaining client relationships and business continuity.

An Independent Agent Owns the X-Date