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This question belongs to Commerce Insurance

Insurance

?

Choose the correct statement.

A) There is no harm if an agent shares his commission with his client who has taken a policy from him B) Sharing a part of the agent's commission is after all a trade practice and therefore, not objectionable C) The agent is not obliged to disclose his commission to his client even if asked by the latter D) The agent has to show his licence to his prospect-customer on demand

Answer & Solution

Correct Answer: Option D

The agent has to show his licence to his prospect-customer on demand. Rest of the statements are incorrect. Sharing commission with a client is illegal.

Question posted by Examveda

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