Question

What is the distinguishing feature of a Corporate Agent?

a.

Holds a licence to act as an insurance agent for multiple insurers

b.

Acts as an intermediary for reinsurance arrangements

c.

Arranges insurance and reinsurance simultaneously

d.

Holds a licence to act as an insurance agent for one life insurer or one general insurer

Answer: (d).Holds a licence to act as an insurance agent for one life insurer or one general insurer Explanation:A Corporate Agent is defined as an entity holding a licence to act as an insurance agent either for one life insurer or a general insurer.

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Q. What is the distinguishing feature of a Corporate Agent?

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