Question

Which of the following statements is incorrect? An insurance agent shall not -

a.

Solicit or procure insurance business without being appointed to act as such by the insurer

b.

Induce the prospect to omit any material information in the proposal form;

c.

Disclose the scales of commission in respect of the insurance product offered for sale, if asked by the prospect

d.

Offer different rates, advantages, terms and conditions other than those offered by his insurer

Answer: (c).Disclose the scales of commission in respect of the insurance product offered for sale, if asked by the prospect Explanation:Insurance agents are generally not required to disclose the scales of commission to prospects unless the prospect specifically asks for such information. In many cases, commissions are considered internal business details between the agent and the insurer, and they may not need to be disclosed proactively.

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Q. Which of the following statements is incorrect? An insurance agent shall not -

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