Question

What is the scope of a Composite Corporate Agent's licence?

a.

Acts as an intermediary for both life and general insurance

b.

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

c.

Arranges insurance and reinsurance simultaneously

d.

Holds a licence to act as an insurance agent for both life insurer and general insurer

Answer: (d).Holds a licence to act as an insurance agent for both life insurer and general insurer Explanation:A Composite Corporate Agent is an entity holding a licence to act as an insurance agent for both a life insurer and a general insurer.

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Q. What is the scope of a Composite Corporate Agent's licence?

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