Insurance Contracts Are Usually Obtained Through an Agent, Who Works

question 7

True/False

Insurance contracts are usually obtained through an agent, who works as an independent contractor.

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Definitions:

Government

The organized governing body of a nation, state, or community, responsible for creating and enforcing laws, policies, and regulations.

Consumers

Individuals or entities that use goods or services produced within an economy.

Producers

Individuals or companies that create goods or services for sale or exchange.

Excise Tax

A tax imposed on specific goods, services, or transactions, often aimed at discouraging their use or raising government revenue.