Which of the following statements about the exclusive agency system fo

Which of the following statements about the exclusive agency system for marketing property and liability insurance is true?

A) Exclusive agents typically have complete ownership of policy expirations.
B) A higher commission rate is usually paid on exclusive agents’ renewal business than on new business.
C) Exclusive agents represent several different insurance companies.
D) New exclusive agents may start as employees and after a training period become independent contractors.

ANSWER

Answer: D