Alberta General Insurance Level 1 Practice Exam

Question: 1 / 400

What distinguishes an independent agent in the insurance industry?

Works for a single insurance company

Contracts with two or more insurance companies to sell policies

An independent agent is distinguished by their ability to contract with multiple insurance companies and offer policies from different carriers to their clients. Option A is incorrect because a captive agent works exclusively for a single insurance company. Option C is incorrect because an insurance consultant can provide advice without necessarily selling policies. Option D is incorrect because an online presence does not necessarily determine an agent's independence.

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Provides insurance advice without selling policies

Operates exclusively online

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