The correct answer is C. A minor can be appointed agent of a life insurance company.
A minor is a person who is under the age of 18. In most jurisdictions, minors are not legally allowed to enter into contracts. This means that a minor cannot enter into a contract to become an agent of an insurance company.
Option A is correct. There is a bar on appointment of a minor as agent of an insurance company. This is because minors are not legally allowed to enter into contracts.
Option B is correct. A person found guilty of fraud or any criminal offence is ineligible for appointment as agent of an insurer. This is because insurers need to be able to trust their agents to act in the best interests of their customers.
Option D is correct. No applicant is exempt from mandatory training before appointment as agent. This is because insurers need to ensure that their agents are properly trained in order to provide a good level of service to their customers.