You Might Consider Another Insurance Agent If Your Agent Uses

question 6

Multiple Choice

You might consider another insurance agent if your agent uses the ________ method to analyze the costs of a policy.

• A)TNC
• B)IANC
• C)NCO
• D)TLC
• E)none of the above

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Definitions:

Electronic Transfer

Electronic transfer involves the movement of funds between accounts using electronic systems, without the need for physical exchange of money.

Duty To Honor

The obligation to accept and fulfill legal or financial commitments or contracts.

Drawee Bank

The bank upon which a check is drawn, meaning the bank that is ordered to pay the check's amount.

Aggravated Identity Theft

A crime involving the deliberate use of someone else's identity to carry out illegal activities, especially when it involves fraud or theft and results in severe consequences.