Question: What is the difference between an exclusive agent and an independent agent? a Unlike exclusive agents, independent agents, do not own the x-date. b Only

What is the difference between an exclusive agent and an independent

What is the difference between an exclusive agent and an independent agent? a Unlike exclusive agents, independent agents, do not own the x-date. b Only an exclusive agent can act as a broker as well as an agent. An independent agent cannot also be a broker. While an exclusive agent represents a single insurer, an independent agent can represent multiple insurers. d Average operating expenses and premiums for personal lines of insurance tend to be higher for exclusive agents than for those in the independent agency system. e independent agents receive lower compensation than exclusive agents

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