bobby808550 bobby808550

22-06-2024
Business

Answered

How are agents' commissions paid?

Select one:

A. Commissions are added to the policy premiums.
B. Commissions are apportioned from policy premiums.
C. Commissions are paid entirely by insurers.

Answer :

GinnyAnswer GinnyAnswer

22-06-2024

Final answer:

Insurance agents are compensated through a mixture of salary and commission to incentivize performance and attract skilled individuals.

Explanation:

Agents' commissions in the insurance industry are typically paid through a combination of salary and commission, where the agent receives a fixed salary along with a percentage of the sales generated. This system helps in attracting more able agents and those less averse to risk due to the potential for higher earnings based on performance.

Learn more about Insurance agents' commissions here:

https://brainly.com/question/36206412

Answer Link

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