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Study with quizlet and memorize flashcards containing terms like a client told an intentional lie to an insurer in order to receive a favorable premium However, sharing commissions with the policyholder. This is an example of, which of the following is not considered to be an act of fraud?, an agent is legally permitted to share his/her commissions and more.
An agent is legally permitted to share his/her commissions Sharing commissions between agents who work together on a sale or have some form of partnership agreement is acceptable and legal An agent may share commissions with another licensed agent that is similarly licensed
An employer with under 20 employees must allow a terminated employee to continue accident and health coverage for a minimum of _______ months.
Study with quizlet and memorize flashcards containing terms like an agent is legally permitted to share his/her commissions with a proposed beneficiary with another licensed agent with an unlicensed agent with an insurance applicant, carole is a licensed agent who lives in michigan and transacts insurance in ohio. An agent is legally permitted to share his/her commissions with an unlicensed agent with another licensed agent with a proposed beneficiary with an insurance applicant In the field of insurance and real estate, the question of whether an agent can legally share commissions with others is governed by laws and regulations related to agency relationships This is permissible as agents can collaborate and share commissions if both agents are licensed and comply with the regulations of their state or jurisdiction.
The agent may apply for reinstatement and more. An agent is legally permitted to share commissions primarily when they have consent from their employer or when they are independent contractors An agent is legally permitted to share their commissions in various situations, typically when the sharing is disclosed and agreed upon by all parties involved in a transaction. Explanation of the correct answer agents are generally permitted to share commissions with other licensed agents, as this facilitates cooperation and shared responsibility in serving clients
This practice is legal and common within the insurance industry, promoting collaboration among professionals.
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