{"id":32427,"date":"2024-04-15T09:01:28","date_gmt":"2024-04-15T09:01:28","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32427"},"modified":"2024-04-15T09:01:28","modified_gmt":"2024-04-15T09:01:28","slug":"state-which-is-correct","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/","title":{"rendered":"State which is correct."},"content":{"rendered":"<p>[amp_mcq option1=&#8221;There is no difference between an individual agent and a corporate agent as both of them represent an insurance company&#8221; option2=&#8221;An agent can work for a life insurer as also a non-life insurer, either individually or together&#8221; option3=&#8221;A composite agent means an agent working for one life and one non-life insurer&#8221; option4=&#8221;All of the above&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is D. All of the above.<\/p>\n<p>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.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<ul>\n<li>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.<\/li>\n<li>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.<\/li>\n<li>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.<\/li>\n<li>Option D: All of the above. This is correct. All of the options are correct.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;There is no difference between an individual agent and a corporate agent as both of them represent an insurance company&#8221; option2=&#8221;An agent can work for a life insurer as also a non-life insurer, either individually or together&#8221; option3=&#8221;A composite agent means an agent working for one life and one non-life insurer&#8221; option4=&#8221;All of the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"State which is correct.\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/#more-32427\">Detailed Solution<span class=\"screen-reader-text\">State which is correct.<\/span><\/a><\/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":[],"class_list":["post-32427","post","type-post","status-publish","format-standard","hentry","category-insurance","no-featured-image-padding"],"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>State which is correct.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State which is correct.\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;There is no difference between an individual agent and a corporate agent as both of them represent an insurance company&#8221; option2=&#8221;An agent can work for a life insurer as also a non-life insurer, either individually or together&#8221; option3=&#8221;A composite agent means an agent working for one life and one non-life insurer&#8221; option4=&#8221;All of the ... Detailed SolutionState which is correct.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:01:28+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"State which is correct.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/","og_locale":"en_US","og_type":"article","og_title":"State which is correct.","og_description":"[amp_mcq option1=&#8221;There is no difference between an individual agent and a corporate agent as both of them represent an insurance company&#8221; option2=&#8221;An agent can work for a life insurer as also a non-life insurer, either individually or together&#8221; option3=&#8221;A composite agent means an agent working for one life and one non-life insurer&#8221; option4=&#8221;All of the ... Detailed SolutionState which is correct.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:01:28+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/","url":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/","name":"State which is correct.","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:01:28+00:00","dateModified":"2024-04-15T09:01:28+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/state-which-is-correct\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Insurance","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/insurance\/"},{"@type":"ListItem","position":4,"name":"State which is correct."}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32427"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32427\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}