Which one (1) of the following items are NOT outlined in a broker/company agreement? OA) Binding authority. OB) Broker's office hours. OC) Commission schedule. OD) Ownership of expirations.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Directly or indirectly, making an agreement as to the premium to be paid other than as set forth in the policy is
considered "misconduct" under the RIB Act. Which one (1) of the following actions is NOT "misconduct"?
OA) Allowing a refund to the client not authorized by the policy.
OB) Giving a rebate to a policyholder of the whole or part of the premium.
OC) Paying the cost of a family's vacation in Florida in return for them agreeing to purchase their insurance from you.
OD) Allowing a dividend or bonus as provided for in the policy.
Transcribed Image Text:Directly or indirectly, making an agreement as to the premium to be paid other than as set forth in the policy is considered "misconduct" under the RIB Act. Which one (1) of the following actions is NOT "misconduct"? OA) Allowing a refund to the client not authorized by the policy. OB) Giving a rebate to a policyholder of the whole or part of the premium. OC) Paying the cost of a family's vacation in Florida in return for them agreeing to purchase their insurance from you. OD) Allowing a dividend or bonus as provided for in the policy.
Which one (1) of the following items are NOT outlined in a broker/company agreement?
OA) Binding authority.
OB) Broker's office hours.
OC) Commission schedule.
OD) Ownership of expirations.
Transcribed Image Text:Which one (1) of the following items are NOT outlined in a broker/company agreement? OA) Binding authority. OB) Broker's office hours. OC) Commission schedule. OD) Ownership of expirations.
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