Q546
What is correct out of the following statements?
A.
An agent licensed to act as such for an insurer has to have a license under sec.42 of the Insurance Act’38 for procuring and continuing insurance business against payment of commission by the in
AnswerB.
An agent can only be a trained individual for working for an insurance company
C.
A bank can also act as a broker for life insurance business
D.
A bank cannot act as an agent of whatever description
Answer: Option A
Solution
Answer: Option A
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