{"id":32299,"date":"2024-04-15T08:59:16","date_gmt":"2024-04-15T08:59:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32299"},"modified":"2024-04-15T08:59:16","modified_gmt":"2024-04-15T08:59:16","slug":"identify-the-statement-which-is-not-correct-insurance-agent-should-_________","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/identify-the-statement-which-is-not-correct-insurance-agent-should-_________\/","title":{"rendered":"Identify the statement which is not correct. Insurance agent should _________."},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a970d6609098\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Indicate the scale of commission if asked by the customer                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Share the commission by way of rebate                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Disclose his licence on demand                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Indicate the premium to be charged                <\/div>\r\n                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: B. Share the commission by way of rebate.<\/p>\n<p>An insurance agent is a person who sells insurance policies on behalf of an insurance company. They are required to be licensed by the state in which they operate. Insurance agents must disclose their license number to customers upon request. They must also indicate the premium to be charged for the policy.<\/p>\n<p>It is not appropriate for an insurance agent to share the commission by way of rebate. This is because the commission is compensation for the agent&#8217;s services in selling the policy. The customer should not be asked to share in this compensation.<\/p>\n<p>Here are some additional details about each option:<\/p>\n<ul>\n<li>Option A: Indicate the scale of commission if asked by the customer. This is correct. The insurance agent should be prepared to disclose the scale of commission they will earn from the sale of the policy.<\/li>\n<li>Option B: Share the commission by way of rebate. This is incorrect. The commission is compensation for the agent&#8217;s services in selling the policy. The customer should not be asked to share in this compensation.<\/li>\n<li>Option C: Disclose his licence on demand. This is correct. The insurance agent must be licensed by the state in which they operate. They must disclose their license number to customers upon request.<\/li>\n<li>Option D: Indicate the premium to be charged. This is correct. The insurance agent must indicate the premium to be charged for the policy.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Join Our Telegram Channel Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Identify the statement which is not correct. 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