Q602
What are the correct statements?
A.
Bancassurance model can either be a bank forming an insurance company on its own or acting as an agent for another Insurance company without capital participation
B.
Such an agency of bank acting for an insurer is known as corporate agency
C.
A commercial bank is not barred from acting as an agent for insurance companies
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
All the statements are correct. Bancassurance model can either be a bank forming an insurance company on its own or acting as an agent for another Insurance company without capital participation, Such an agency of bank acting for an insurer is known as corporate agency and A commercial bank is not barred from acting as an agent for insurance companies.