Big Life Insurance Company purchased Regional Bank. Regional Bank has 27 branches in four states
Big Life Insurance Company required one employee at each bank branch to become a licensed life insurance agent and to sell Big Life Insurance Company annuities and life insurance products. This distribution channel is an example of the
A) career agent distribution system.
B) direct response distribution system.
C) financial institution distribution system.
D) worksite marketing distribution system.
Answer: C
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If the debit amount of an adjusting entry adjusts a liability account, the credit amount of the adjusting entry must adjust a ______ account.
Fill in the blank(s) with the appropriate word(s).
The purpose of the Truth in Lending Act (TILA) is to promote the informed use of credit by
A. Real Estate Professionals. B. Lenders. C. Consumers. D. Escrow companies.