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Which of the Following Is NOT a Major Duty, Which

question 16

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Which of the following is NOT a major duty, which the agent owes to the principal?


Definitions:

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Insured

A person, company, or entity covered under an insurance policy to receive compensation for a specified loss or damage.

Premium

The amount paid for an insurance policy, reflecting the cost of coverage.

Beneficiary

An individual or entity entitled to receive benefits or assets from a will, trust, insurance policy, or other instruments.

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