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This question belongs to Commerce Insurance

Insurance

?

Which of the following statements is incorrect?

A) Insurance agent should indicate the scale of commission if asked by the customer B) Insurance agent should share the commission by way of rebate C) Insurance agent should disclose his licence on demand D) Insurance agent should indicate the premium to be charged

Answer & Solution

Correct Answer: Option B

All the options are correct, except option 3. Sharing commission with a client is illegal.

Question posted by Examveda

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