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Which of the following statements about a resident life-only agent licensing is INCORRECT? 1) It is required for selling life insurance policies. 2) It is specific to a particular state. 3) It allows the
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Which of the following statements about a resident life-only agent licensing is INCORRECT? 1) It is required for selling life insurance policies. 2) It is specific to a particular state. 3) It allows the agent to sell other types of insurance. 4) It is obtained after passing an examination.

User Tran Hieu
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7 votes

Final answer:

The statement, 'It allows the agent to sell other types of insurance' is incorrect. A resident life-only agent license specifically focuses on allowing the agent to sell life insurance products only.

Step-by-step explanation:

The incorrect statement about a resident life-only agent licensing is: 3) It allows the agent to sell other types of insurance. A resident life-only agent licensing specifically allows an agent to sell only life insurance products within the state where the license was issued. This does not extend the selling privileges to other types of insurance products.

Learn more about resident life-only agent licensing

User Virajkumar Patel
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