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:

Operational Procedure

A set of pre-defined steps or methods designed to perform a specific task or solve a particular problem effectively.

Customer Complaint

Feedback or grievance expressed by a customer regarding a company's product or service, often used for improvement purposes.

PII

Personally Identifiable Information, which is any data that could potentially identify a specific individual or is linked to an individual.

Government-Regulated Data

Information that is controlled or protected by government regulations, often related to personal, sensitive, or classified information.