Question

Only the producers properly licensed for the type of insurance transaction.

A) Selective licensing
B) Exclusive licensing
C) Specialized licensing
D) Specific licensing

Answer 1

Specialized licensing is the correct answer. Insurance agents should have specific knowledge and expertise in the particular type of insurance they are selling to ensure accurate advice and coverage options for clients.

Step-by-step explanation:

Only the producers properly licensed for the type of insurance transaction. Specialized licensing is the correct answer. The idea behind specialized licensing is that insurance agents should have specific knowledge and expertise in the particular type of insurance they are selling, such as life insurance, health insurance, or property insurance. This ensures that agents are well-informed and capable of providing accurate advice and coverage options to their clients.