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Commerce · Q179

Insurance

Graduate and Post Graduate · Commerce · question 179

Q179

An insurance agent represents a/an

A.
Insurance company
Answer
B.
Sub-agent
C.
Co-agent
D.
Broker

Answer: Option A

Solution

Answer: Option A
Solution:
An insurance company is responsible for the acts of its agents and it can be assumed by an insurance applicant that any information or payment of money to the agent will be received by the insurance company.