Which of the Following Is Not a Duty of the Agent

question 56

Multiple Choice

Which of the following is not a duty of the agent?

• A)no self dealing at principal's expense
• B)forwarding all premiums to the principal
• C)not submitting any type of business the insurer does not want
• D)to guarantee the insurance buyer that the insurer will write them a policy at an affordable rate

Differentiate between executed and executory contracts.

Understand the concept of functional fixedness and its impact on problem-solving.

Recognize and describe the availability heuristic and its effect on decision-making.

Identify and explain the use of various decision-making models, including single-feature, additive, elimination by aspects, and availability heuristics.

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Definitions:

Export Subsidy

A government policy to encourage export of goods and services, allowing producers to sell them at a lower price on the international market.

Import Quotas

Government-imposed limits on the amount or volume of goods that can be imported into a country.

Imported Products

Goods or services brought into one country from another, contributing to international trade and consumer choices.

Domestic Supply

The aggregate production of goods and services within a country, intended for use inside the country or for export.