Vidyalelo
Commerce · Q289

Insurance

Graduate and Post Graduate · Commerce · question 289

Q289

_________ may deal with more than one life insurance company or general insurance company or both.

A.
An agent
B.
A surveyor
C.
A composite agent
Answer
D.
None of the three

Answer: Option C

Solution

Answer: Option C
Solution:
A composite insurance agent means an individual who is appointed as an insurance agent by two or more insurers, subject to the condition that he/she shall not act as insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the mono-line insurers.