Which of the following statements is incorrect?

An agent today cannot work for more than one non-life insurance company
An agent can work only for one life insurance company and also for only one non-life company
An agent today can work for more than one life insurance company
Such an agent who works for one life and one non-life insurance company is called composite agent

The correct answer

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is: A. An agent today cannot work for more than one non-life insurance company.

An agent today can work for more than one life insurance company, and can also work for more than one non-life insurance company. Such an agent who works for one life and one non-life insurance company is called a composite agent.

The following are the details of each option:

  • Option A: An agent today cannot work for more than one non-life insurance company. This is incorrect because an agent today can work for more than one non-life insurance company.
  • Option B: An agent can work only for one life insurance company and also for only one non-life company. This is incorrect because an agent today can work for more than one life insurance company, and can also work for more than one non-life insurance company.
  • Option C: An agent today can work for more than one life insurance company. This is correct because an agent today can work for more than one life insurance company.
  • Option D: Such an agent who works for one life and one non-life insurance company is called composite agent. This is correct because an agent who works for one life and one non-life insurance company is called a composite agent.
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