Question: Identify the correct statement about the general agency system. The primary responsibilities of the general agent are to select, train, and supervise subagents. Unlike the
Identify the correct statement about the general agency system.
The primary responsibilities of the general agent are to select, train, and supervise subagents.
Unlike the special agent, a general agent has no incentive to recommend a highcommission product.
A special agent is authorized by contract with the insurer to sell insurance in a specified territory.
Subagents are agents of the general insurer rather than of the insurer.
General agents are also known as special agents.
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