What is correct out of the following statements?

A. An agent licensed to act as such for an insurer has to have a license under sec.42 of the Insurance Act’38 for procuring and continuing insurance business against payment of commission by the in

B. An agent can only be a trained individual for working for an insurance company

C. A bank can also act as a broker for life insurance business

D. A bank cannot act as an agent of whatever description

Answer: Option A