Question

Which of the following individuals is required to be licensed?

a. Officers, directors, or employees of an insurer or producer who receive commissions on policies sold.
b. Officers, directors, and employees of plans who service an insurance contract, but are not compensated directly or indirectly by the company issuing the contracts.
c. Salaried full-time employee who counsels or advises his employer relative to the insurance interests of the employer, so long as the employee does not sell or solicit insurance or receive a commission.
d. Individuals that provide information or perform administrative services in the enrolling and issuing of plans do not require a license so long as they do not receive commissions based on the plans or policies sold.

Answer 1

Officers, directors, or employees of an insurer or producer who receive commissions on policies sold are required to be licensed.

Step-by-step explanation:

The individuals required to be licensed are the officers, directors, or employees of an insurer or producer who receive commissions on policies sold. They are involved in selling insurance policies and earn commissions for their sales. These individuals need to be licensed to ensure that they have the necessary knowledge and qualifications to sell insurance.