Multiple choice

Insurance agents who hold licence to act as an agent for both a life insurer and a general insurer are called ________.

  1. common insurance agents

  2. composite insurance agents

  3. multiple insurance agents

  4. general insurance agents

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

'Composite insurance agent' means an individual who is appointed as an insurance agent by two or more insurers. He cannot act as insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the mono-line insurers.