Question

How are commissions typically structured in insurance?

a.

As a fixed percentage of the premium

b.

As a fixed amount per contract

c.

Both a and b

d.

None of the above

Answer: (c).Both a and b Explanation:Commissions in insurance can be structured as either a simple percentage of the premium, a fixed amount per contract, or a combination of both.

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Q. How are commissions typically structured in insurance?

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