Identify the Characteristic Feature of a Broker Than Differentiates Him/her

question 10

Multiple Choice

Identify the characteristic feature of a broker than differentiates him/her from an agent.

• A)They are compensated by the insured.
• B)They do not represent the insurance company or the buyer.
• C)They legally represent the insurance company.
• D)They act as the insured's legal agent when the business is placed with an insurer.
• E)They work under the agent, who hire and train them and pay them a monthly salary.

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Definitions:

Business-Unit Performance

A measure of the effectiveness, efficiency, and profitability of an individual business segment within a larger corporation.

Gender Stereotypes

Widely held and simplified preconceptions or assumptions about individuals' abilities, preferences, and roles based on their gender.

Negative Impact

An adverse effect or harm that results from a particular action or decision.

Performance Evaluation

The systematic process of assessing and reviewing an employee's job performance and productivity.