Insurance Agents, Even Though They Are Agents of Companies, May

question 4

True/False

Insurance agents, even though they are agents of companies, may be held liable for clients' losses if, when requested to do so, they fail to provide proper coverage for the contemplated loss.

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Definitions:

Physiological Needs

Basic physical requirements necessary for survival, such as food, water, and sleep.

Laboratory Research

Scientific research carried out in a controlled, often indoor, environment where variables can be manipulated and observed closely.

Cognitive Needs

Refers to the mental requirements necessary for learning, understanding, and developing intelligence, including perception, attention, and memory.

Innate Needs

Fundamental, biologically driven requirements essential for survival and psychological development, such as needs for food, safety, and belonging.