Question

What forms can commission take in the insurance industry?

a.

Monetary payments

b.

Travel incentives

c.

Costly gifts

d.

All of the above

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).All of the above Explanation:Commission in the insurance industry can take the form of monetary payments as well as incentives such as travel to foreign countries, costly gifts, prizes, etc.

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Q. What forms can commission take in the insurance industry?
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