Q245
Which of the following statements is incorrect?
A.
Insurance agent should indicate the scale of commission if asked by the customer
B.
Insurance agent should share the commission by way of rebate
AnswerC.
Insurance agent should disclose his licence on demand
D.
Insurance agent should indicate the premium to be charged
Answer: Option B
Solution
Answer: Option B
Solution:
All the options are correct, except option 3. Sharing commission with a client is illegal.