All of the Following Statements About the General Agency System

question 3

Multiple Choice

All of the following statements about the general agency system used for selling life insurance are true EXCEPT

• A)A general agent is responsible for hiring,training,and motivating new agents.
• B)A general agent is a salaried employee whose responsibilities are limited to selling life insurance.
• C)A general agent may receive an allowance for the expenses of maintaining an agency office.
• D)A general agent receives a commission based on the amount of business produced.

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Definitions:

Terminal Cancer

An advanced stage of cancer where the disease is considered incurable and likely to lead to death within a relatively short period of time.

Health Problems

Issues or conditions that negatively affect an individual's physical or mental well-being.

Late Adulthood

A stage in human development that typically begins at age 65 and lasts until death, characterized by retirement, physical changes, and adjustments to social roles.

Loss Of Control

A situation where an individual feels they no longer have power or command over certain behaviors or emotions, often linked to psychological conditions.