Peggy is an independent insurance agent who places substantial amounts of business with XYZ Insurance Company. XYZ pays Peggy a bonus when she meets a sales goal. XYZ also allows Peggy to recruit and train sub-agents
She receives additional commissions based on the sales generated by the sub-agents. Based on this description, we can conclude that Peggy is a
A) direct writer.
B) personal producing general agent.
C) multiple line exclusive agent.
D) broker.
Answer: B
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According to the text, the symbols used in the assignment of codes to each possible response to each question is usually a number
Indicate whether the statement is true or false
The Iowa Supreme Court rules against Jennifer in a case against Kut-Rate Stores, Inc Jennifer wants to appeal her case to the United States Supreme Court. She must ask the Court to issue a writ of
a. appeal. b. certiorari. c. jurisdiction. d. summons.
It is wise to keep a reserve equal to one-fourth of the start-up investment.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
1. Due diligence work is completed after the closing of mergers and acquisitions. 2. The statutes of most states prohibit the merger of a corporation with a noncorporate entity. 3. Under the Sherman Act, the law is violated if a company tries to maintain or acquire a monopoly position through unreasonable methods. 4. All corporations contemplating a merger must file notice with the Federal Trade Commission pursuant to the Hart-Scott-Rodino Act.