Peggy is an independent insurance agent who places substantial amounts of business with XYZ Insurance Company. XYZ pays Peggy a bonus when she meets a sales goal. XYZ also allows Peggy to recruit and train sub-agents
She receives additional commissions based on the sales generated by the sub-agents. Based on this description, we can conclude that Peggy is a
A) direct writer.
B) personal producing general agent.
C) multiple line exclusive agent.
D) broker.
Answer: B
You might also like to view...
The primary key to delivering customer satisfaction is to match product performance with ________
A) the performance of competitive products B) competitive prices C) aggressive advertising D) limited customer services E) customer expectations
Chet runs a woodworking company in a small Midwest town. Many of the original residents' children move away for college, while the low cost of living attracts many Hispanic families
Which factor of production will likely change in response to the social forces affecting Chet's business? A) natural resources B) capital C) human resources D) entrepreneurship E) knowledge