6
QuizMultiple Choice

Asset-backed Securities, Loan Sales, and Derivatives — Test

Question 6 • (AG Q4) Financial Literacy: 25-26 (JRush)

Mary is an agent who works with a direct marketing insurance company. She is more specifically known as a(n) _____.

Answer
A
independent agent
B
certified agent
C
broker agent
D
captive agent

Explanation

A direct marketing insurance company sells its policies directly to customers rather than through independent agencies. An agent who represents just one insurance company is called a captive agent, so Mary is a captive agent. An independent agent, by contrast, can represent multiple insurers.

AI-written and checked against the verified answer.

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