How are agents' commissions paid?

Select one:

A. Commissions are added to the policy premiums.
B. Commissions are apportioned from policy premiums.
C. Commissions are paid entirely by insurers.

Question

22-06-2024
Business

Answered

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How are agents' commissions paid?

Select one:

A. Commissions are added to the policy premiums.
B. Commissions are apportioned from policy premiums.
C. Commissions are paid entirely by insurers.

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-22T16:58:48-04:00

Final answer:

Insurance agents are compensated through a mixture of salary and commission to incentivize performance and attract skilled individuals.

Explanation:

Agents' commissions in the insurance industry are typically paid through a combination of salary and commission, where the agent receives a fixed salary along with a percentage of the sales generated. This system helps in attracting more able agents and those less averse to risk due to the potential for higher earnings based on performance.

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Sagot :

Final answer:

Explanation:

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