Alberta General Insurance Level 1 Practice Exam

Question: 1 / 400

What type of business model do insurance brokers follow?

They work solely for one insurance company

They are independent and own their client list

Insurance brokers are independent and work with multiple insurance companies to find the best options for their clients. Option A is incorrect because insurance brokers are not tied to one specific insurance company. Option C is incorrect because insurance brokers are typically paid on a commission basis. Option D is incorrect because insurance brokers are not government employees.

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They are paid solely on a salary basis

They are government employees

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