What Is the Difference Between an Insurance Broker and an Insurance

question 15

Multiple Choice

What is the difference between an insurance broker and an insurance agent?

• A)An insurance agent works exclusively for one company, while an insurance broker works for a number of insurance companies.
• B)An agent requires a commission payment after the deal is made, while a broker requires the service charge to be paid before the deal is made.
• C)An agent represents the insured, while a broker represents the company.
• D)An agent is authorized to sell insurance directly, while a broker can only mediate an insurance contract.

---

Definitions:

Open

The action of accessing or starting a file, application, or document, making it ready for use.

Contextual Errors

Mistakes made in language or in software that are directly related to the specific context or situation in which they occur.

Spelling Command

A feature in software applications that checks for spelling mistakes in texts.

Presentation

A set of slides or visuals prepared for the purpose of delivering information to an audience.