Question
a.
Higher commission rates lead to lower premiums and higher sales volume
b.
Higher commission rates result in higher premiums but may reduce sales volume
c.
Higher commission rates increase premiums but may attract more distributors
d.
Higher commission rates have no impact on premium or sales volume
Posted under IC 92 Actuarial Aspects of Product Development
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Q. How do higher commission rates impact premium and sales volume in the insurance industry?
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