Question

What is the prohibition regarding multilevel marketing for insurance agents?

a.

Encouraging prospects to participate in multilevel marketing schemes

b.

Inducting any prospect into multilevel marketing schemes

c.

Using multilevel marketing for policy solicitation

d.

Disclosing their participation in multilevel marketing to prospects

Answer: (c).Using multilevel marketing for policy solicitation Explanation:Insurance agents are prohibited from resorting to multilevel marketing for soliciting and procuring insurance policies or inducting any prospect into multilevel marketing schemes.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the prohibition regarding multilevel marketing for insurance agents?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is a prohibited action for insurance agents when dealing with prospects and policyholders?

Q. What is one of the prohibitions for insurance agents when soliciting insurance business?

Q. Why should an agent assist and advise customers, policyholders, claimants, and beneficiaries on policy servicing matters?

Q. What is an agent's responsibility in relation to the information provided in the proposal form?

Q. When representing multiple insurers offering the same line of products, what care should an agent take?

Q. What is the primary duty of an insurance agent regarding insurance products?

Q. Why is it essential for an agent to inform the prospect about the acceptance or rejection of the proposal by the insurer in a prompt manner?

Q. What is one of the key duties of an agent in terms of policy servicing?

Q. When should an agent inform the insurer about relevant information concerning the prospect for insurance underwriting?

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

Q. What is the purpose of the pass certificate issued by the Examination Body?

Q. What is the key eligibility requirement for appointment as an insurance agent?

Q. How long is a pass certificate from the Insurance Agency Examination valid for seeking appointment as an insurance agent with any insurer for the first time?

Q. What are the main purposes of the regulations for Insurance Agents?

Q. What is the role of "Appellate Officers" in the context of insurance agent appointments?

Q. How long does the designated official have to appoint an applicant as an Insurance Agent after receiving all required documents?

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 take?

Q. What is the primary role of a "Designated Official" in the context of insurance agent appointments?

Q. What is the role of a "Designated Official" in the context of insurance agent appointments?

Q. According to the Regulations, what is the definition of an "Insurance Agent"?

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!