an insurance agent is permitted to replace an existing policy only if the agent a. guarantees the dividends on the new policy b. complies with the replacement regulations c. acts strictly in the best interest of the insurer d. replaces a policy that was issued by the agent's own company

an insurance agent is permitted to replace an existing policy only if the agent a. guarantees the dividends on the new policy b. complies with the replacement regulations c. acts strictly in the best interest of the insurer d. replaces a policy that was issued by the agent's own company

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

an insurance agent is permitted to replace an existing policy only if the agent
a. guarantees the dividends on the new policy
b. complies with the replacement regulations
c. acts strictly in the best interest of the insurer
d. replaces a policy that was issued by the agent's own company

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