Identify the Correct Statement About Independent Agents

question 36

Multiple Choice

Identify the correct statement about independent agents.

• A)They usually represent a single insurance company.
• B)They are compensated on a salary basis by the insurance firm.
• C)They pay all agency expenses.
• D)They have the responsibility of collecting premiums on all circumstances.
• E)Legally, they represent the customers.

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Definitions:

Emotional Effort

Emotional Effort involves the energy and control required to manage and express one's emotions in socially appropriate ways, often in professional settings.

Hierarchy Of Needs

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, in ascending order.

Upper-level Needs

Higher-order needs in a hierarchy, typically related to self-actualization, esteem, and personal fulfillment.

Lower-level Needs

Fundamental human requirements, such as physiological and safety needs, as identified in Maslow's hierarchy of needs.