Multiple choice

Which of the following statements is incorrect?

  1. Insurance agent should indicate the scale of commission if asked by the customer.

  2. Insurance agent should share the commission by way of rebate.

  3. Insurance agent should disclose his licence on demand.

  4. Insurance agent should indicate the premium to be charged.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

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

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