How many hours of education on a yearly basis is required for a level 1 Broker to maintain their license? OA) 6 B) 8 OC) 12 OD) 14 Meg contacts her broker upset that her renewal premium has increased and demands that her renewal premium must be fixed right away or she is moving her business. How should the Broker address Meg's concerns? OA) Advise Meg that renewal premiums increase annually and that the premium cannot be deviated. OB) Review Meg's policy to see where the increase is coming from and if there are additional discounts that can be applied. OC) Apologize for the increase and promise Meg that her policy will be re-issued with the same premium as her renewal last year. OD) Encourage Meg to move her policy to another Insurance company with less coverage.
How many hours of education on a yearly basis is required for a level 1 Broker to maintain their license? OA) 6 B) 8 OC) 12 OD) 14 Meg contacts her broker upset that her renewal premium has increased and demands that her renewal premium must be fixed right away or she is moving her business. How should the Broker address Meg's concerns? OA) Advise Meg that renewal premiums increase annually and that the premium cannot be deviated. OB) Review Meg's policy to see where the increase is coming from and if there are additional discounts that can be applied. OC) Apologize for the increase and promise Meg that her policy will be re-issued with the same premium as her renewal last year. OD) Encourage Meg to move her policy to another Insurance company with less coverage.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:How many hours of education on a yearly basis is required for a level 1 Broker to maintain their license?
OA) 6
B) 8
OC) 12
OD) 14
Transcribed Image Text:Meg contacts her broker upset that her renewal premium has increased and demands that her renewal premium must be
fixed right away or she is moving her business. How should the Broker address Meg's concerns?
OA) Advise Meg that renewal premiums increase annually and that the premium cannot be deviated.
OB) Review Meg's policy to see where the increase is coming from and if there are additional discounts that can be
applied.
OC) Apologize for the increase and promise Meg that her policy will be re-issued with the same premium as her
renewal last year.
OD) Encourage Meg to move her policy to another Insurance company with less coverage.
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