Question

What is one of the responsibilities of an insurance agent with respect to disclosing commission information?

a.

It is not necessary to disclose commission scales.

b.

Disclose the commission only if the prospect insists.

c.

Disclose the scales of commission in respect of the insurance product offered for sale.

d.

Disclose commission information after the policy is sold.

Answer: (c).Disclose the scales of commission in respect of the insurance product offered for sale. Explanation:An agent should disclose the scales of commission in respect of the insurance product offered for sale.

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Q. What is one of the responsibilities of an insurance agent with respect to disclosing commission information?

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