60.1k views
5 votes
Virginia An agent may share their commissions or other compensation with which of the following?

a. Anyone
b. Only people within their agency or office
c. A person also licensed for the same class of insurance
d. A person licensed for any class of insurance

User MWO
by
8.2k points

1 Answer

4 votes

Final answer:

An insurance agent can share their commissions or other compensation with a person who is also licensed for the same class of insurance.

Step-by-step explanation:

According to insurance regulations, an agent may share their commissions or other compensation with a person who is also licensed for the same class of insurance (option c). This means that an agent can split their commissions with another agent who holds the same type of license. However, they cannot share their commissions with just anyone (option a), only people within their agency or office (option b), or a person licensed for any class of insurance (option d).

User Alex Lomia
by
8.3k points