Question

Which group typically comprises insurance company officers, directors, or employees responsible for administrative, executive, and clerical duties but do not engage in insurance transactions or receive commissions for their services?

A) Administrative staff
B) Non-executive employees
C) Support personnel
D) Non-licensed employees

Answer 1

The 'Administrative staff' of an insurance company is responsible for the essential administrative, executive, and clerical duties within the company that are necessary for its operations and do not involve insurance transactions or commissions.

Step-by-step explanation:

Within an insurance company, the group typically responsible for administrative, executive, and clerical duties, who do not engage in insurance transactions or receive commissions, are known as the Administrative staff. They carry out various tasks essential to the operation of the company, such as hiring workers, administering accounts, and processing insurance claims. These individuals are crucial to the business side of an insurance company as they handle the major additional costs associated with running an insurance business, beyond the payment of claims.