Which of the following statements is/are true? I: Both Stock and Mutual insurance companies pay dividends, Stock companies to their shareholders and Mutual companies to their Board of Directors. II: Insurance marketing systems include; General Agencies, Branch offices managed by employees of the company, and Personal; Producing General Agents (PPGA's).

Question

Memphis Jacobson

Business

9 September, 10:51

Which of the following statements is/are true? I: Both Stock and Mutual insurance companies pay dividends, Stock companies to their shareholders and Mutual companies to their Board of Directors. II: Insurance marketing systems include; General Agencies, Branch offices managed by employees of the company, and Personal; Producing General Agents (PPGA's).

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Janessa Tanner · Answer 1

II: Insurance marketing systems include; General Agencies, Branch offices managed by employees of the company, and Personal; Producing General Agents (PPGA's).

Explanation:

Every insurance company has branch offices that operate on different regional levels that are managed and operated by employees.

General agencies are responsible for receiving insurance applications and negotiating and negotiating contracts on behalf of the insurance company.

Producing general agents (PPGA's) is a type of insurance agent that usually provides services to more than one insurance company and whose main duty is to sell as many policies as they can.