Question

If an applicant is dissatisfied with the decision of the designated official regarding the refusal of granting an insurance agency appointment, what recourse can the applicant take?

a.

Appeal directly to the insurance regulator

b.

Submit a review application to the insurer

c.

Seek a legal remedy in court

d.

There is no recourse available to the applicant

Answer: (b).Submit a review application to the insurer Explanation:The applicant can submit a review application to the insurer for a reconsideration of the decision.

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Q. If an applicant is dissatisfied with the decision of the designated official regarding the refusal of granting an insurance agency appointment, what recourse can the applicant...

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