The Primary Difference Between an Insurance Agent and an Insurance

question 36

Multiple Choice

The primary difference between an insurance agent and an insurance broker is:

• A) their compensation scheme
• B) the parties they each legally represent
• C) the fringe benefits their employers provide
• D) there is no practical or legal difference between them, other than their titles.

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Definitions:

Emotional Commitment

The emotional attachment an individual feels towards a project, goal, or organization, which significantly motivates their participation and effort.

Rational Commitment

The logical and calculated decision by an individual to remain dedicated to an organization or cause based on the benefits and costs analysis.

Affective Commitment

An employee's emotional attachment to, identification with, and involvement in a particular organization.

Positive Feeling

A general sense of contentment, happiness, or optimism that can positively affect one's outlook and behavior.