menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Risk Management and Insurance Study Set 1
  4. Exam
    Exam 8: Insurance Functions
  5. Question
    The Independent Agent System
Solved

The Independent Agent System

Question 12

Question 12

Multiple Choice

The independent agent system:


A) is used by direct writing companies
B) uses agents who own their own business
C) is used only in life insurance
D) requires agents to be paid a flat salary

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Ramone works as a claims adjuster. He

Q8: Brokers generally stand in the same legal

Q9: If Fidelity Reinsurance agrees to reinsure all

Q10: Most states require licensed insurance agents to

Q11: Fergie is a salaried claims adjuster who

Q13: Which of the following is not a

Q14: Brokers generally stand in the same position

Q15: An insurance broker legally represents the insurance

Q16: Explain what a direct writer company is.

Q17: Pro-rata reinsurance means:<br>A) losses, premiums, and expenses

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines