State which is correct.

The correct answer is D. All of the above.

An individual agent is an insurance agent who represents one insurance company. A corporate agent is an insurance agent who represents multiple insurance companies. An agent can work for a life insurer as also a non-life insurer, either individually or together. A composite agent means an agent working for one life and one non-life insurer.

Here is a brief explanation of each option:

• Option A: There is no difference between an individual agent and a corporate agent as both of them represent an insurance company. This is not correct. An individual agent represents one insurance company, while a corporate agent represents multiple insurance companies.
• Option B: An agent can work for a life insurer as also a non-life insurer, either individually or together. This is correct. An agent can work for one or more insurance companies, regardless of whether they are life insurers or non-life insurers.
• Option C: A composite agent means an agent working for one life and one non-life insurer. This is correct. A composite agent is an agent who represents one life insurer and one non-life insurer.
• Option D: All of the above. This is correct. All of the options are correct.