David is a successful independent insurance agent. Recently, one of th

David is a successful independent insurance agent. Recently, one of the life insurance companies with whom he places business offered him a special financial arrangement. If David meets sales targets, he will receive large bonuses.

He will also be able to recruit and train sub-agents and receive an over-riding commission based on the amount of life insurance the sub-agents sell. Based on this description, David is a(n)
A) insurance broker.
B) personal-producing general agent.
C) direct writer.
D) multiple life exclusive agent.

ANSWER

Answer: B