An agent's commissions for controlled business must not exceed what percentage of annual commissions to avoid the conclusive presumption that the license was obtained for the purpose of writing controlled business?

A) 30%.
B) 50%.
C) 25%.
D) 10%.

Ans: A) 30%.

Business

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a. true b. false

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A ________ is a situation in which one corporation acquires all the shares of another corporation, and both corporations retain their separate legal existence

A) reverse takeover B) merger C) share exchange D) spin-off

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