Vidyalelo
Commerce · Q659

Insurance

Graduate and Post Graduate · Commerce · question 659

Q659

State which is correct.

A.
There is no difference between an individual agent and a corporate agent as both of them represent an insurance company
B.
An agent can work for a life insurer as also a non-life insurer, either individually or together
C.
A composite agent means an agent working for one life and one non-life insurer
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
All the above are correct.
There is no difference between an individual agent and a corporate agent as both of them represent an insurance company, An agent can work for a life insurer as also a non-life insurer, either individually or together and A composite agent means an agent working for one life and one non-life insurer.