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Flashcards in Study 9 Deck (4)
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1
Q

A commission paid to an agent that depends on the profit the insurer has realized form the agency’s business. Sometimes called the “profit commission”

A

Contingent commission

2
Q

Doing something wrong Ex) accidently cancelling a contract

A

Error

3
Q

Not doing something that should have been done Ex) not offering extended coverage

A

Omission

4
Q

The ability to provide a full range of insurance protection clients

A

Capacity