Exam (elaborations)
Minnesota State Insurance Licensing Exam Study Guide | 350 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 39 Pages
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What is an agent? - Someone who acts on behalf of another (producer) What is a principal? - Party for whom action is taken (insurance company) What is an agency agreement? - Legal agreement that establishes the relationship between the principal and agent; outlines powers and responsibilities of...
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