an insurance agent is permitted to replace an existing policy only if the agent a. guarantees the dividends on the new policy b. complies with the replacement regulations c. acts strictly in the best interest of the insurer d. replaces a policy that was issued by the agent's own company

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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an insurance agent is permitted to replace an existing policy only if the agent
a. guarantees the dividends on the new policy
b. complies with the replacement regulations
c. acts strictly in the best interest of the insurer
d. replaces a policy that was issued by the agent's own company
Transcribed Image Text:an insurance agent is permitted to replace an existing policy only if the agent a. guarantees the dividends on the new policy b. complies with the replacement regulations c. acts strictly in the best interest of the insurer d. replaces a policy that was issued by the agent's own company
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