Lesson Five Quiz

This type of commission is paid based on the profit earned

Regulations regarding an agent or brokers handling of premium funds stipulates

An independent agent/broker must maintain a trust account

Which of the following is an agent required to do when collecting a premium deposit:

What situation could possibly trigger an Error’s & Omissions claim

The control and verification of billings received from insurers is

Operating expenses are paid from what account

Adequate capacity in a profession means

A common bond between people that leads to agreement and harmony

The majority of new business comes from

When a sales person asks if you want a shirt and tie to go with the new suit he just sold, he is:

This type of policy is a unique wording drafted for a specific risk

This refers to how often losses occur

All independent claims adjusters are required to be licensed in the province or territory in which they work.