Alberta General Insurance Level 1 Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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
Provides insurance advice without selling policies
Operates exclusively online

The correct answer is: 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.