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