asked 766 views
23 votes
Which type of insurance company pays agents a commission for sold policies?

a. Captive agent and independent agent
b. Independent agent
Direct from company
d. Captive agent
e. Direct from company and captive agent

2 Answers

12 votes

Final answer:

Insurance companies pay commissions to both captive agents, who are exclusive to one company, and independent agents, who work with multiple companies option D is correct.

Step-by-step explanation:

The type of insurance company that pays agents a commission for sold policies is often associated with both captive agents and independent agents. Captive agents are those who work exclusively for one insurance company and are often paid through commissions for the policies they sell. On the other hand, independent agents sell insurance policies from multiple companies and also earn commissions for the policies they sell to their clients.

answered
User Neil
by
7.9k points
4 votes

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answered
User Alan Le
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8.1k points
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