MENU
In which account current, for individual policies, the agent collects the premiums directly from the insureds, subtracts his or her commissions and remits the net premiums due to entity?
Suggested Answer: B
Get Premium AFE Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
38 comments · newest first
CO
Corrinne
11 months ago
C seems a bit vague, not sure about that one.
DA
Daniel
11 months ago
A makes the most sense, straightforward process!
RO
Rodolfo
12 months ago
Wait, is this really how it works? Sounds off.
SH
Sherrell
12 months ago
I think it's actually B, commissions are key here.
LA
Launa
12 months ago
Definitely A, that's how billing works.
NI
Nickolas
1 year ago
I feel like Item basis could be the right choice, but I’m not confident. We had a similar question in our last review session.
LU
Lucy
1 year ago
I remember something about agents collecting premiums, but I can't recall if it's called Paying commission basis or something else.
CH
Chauncey
1 year ago
I think the answer might be A, Billing basis, but I'm not completely sure. It sounds familiar from our practice questions.
MY
My
1 year ago
I don’t think it’s Bushiness costs; that doesn’t seem to fit. I’m leaning towards A, but I wish I had studied this part more.
RO
Rosendo
1 year ago
Hmm, this looks like a tricky one. I'll need to carefully review the hub and spoke architecture and the Cloud Router configuration to figure out the best approach.
AN
Annmarie
1 year ago
This question seems straightforward. I think the key is to focus on the purpose of a custom BPMN editor stencil.
CR
Cristy
1 year ago
This question seems straightforward, I think I can handle it.
KE
Keva
1 year ago
I'm a little confused by the wording of this question. Can someone explain the difference between the options a bit more? I want to make sure I understand before I select an answer.
DE
Delisa
1 year ago
Wait, hold on, 'Bushiness costs'? I didn't realize we were grading insurance policies on their ability to keep the bushes trimmed. Someone's got their priorities all mixed up here.
KA
Kaitlyn
1 year ago
D) Bushiness costs
JO
Johnetta
1 year ago
C) Item basis
TU
Tuyet
1 year ago
B) Paying commission basis
MA
Margurite
1 year ago
A) Billing basis
AL
Alex
1 year ago
Hold up, 'Bushiness costs'? Really? I think someone's trying to pull a fast one on us with that one. Nice try, but I'm gonna have to pass on that one.
DA
Dante
1 year ago
C) Item basis
PO
Portia
1 year ago
B) Paying commission basis
KA
Kallie
1 year ago
A) Billing basis
SC
Scarlet
1 year ago
D) Bushiness costs
EV
Evelynn
1 year ago
C) Item basis
MA
Marjory
1 year ago
B) Paying commission basis
KE
Kenneth
1 year ago
A) Billing basis
ST
Steffanie
1 year ago
Nah, nah, 'Item basis' has gotta be the winner. I mean, how else would the agent keep track of all those individual policies and their corresponding premiums? This is clearly the way to go.
IV
Ivette
1 year ago
Yeah, I agree. It seems like the most organized option for handling individual policies.
MA
Matthew
1 year ago
I think 'Item basis' is the best choice too. It makes sense for keeping track of everything.
ME
Merlyn
1 year ago
I'm not sure, but I think it might be C) Item basis. Can someone explain why it's not that option?
AL
Alonso
1 year ago
I'm gonna go with 'Paying commission basis' on this one. It just makes sense that the agent would get their cut before sending the rest to the entity, you know?
KA
Kasandra
2 years ago
I agree with Dolores, because the agent collects the premiums and subtracts commissions before remitting the net premiums.
EN
Enola
2 years ago
Hmm, 'Billing basis' sounds like the right answer here. The agent collects the premiums directly from the insureds, and then remits the net premiums after deducting their commission. Seems like a pretty straightforward process.
TR
Truman
1 year ago
Definitely, 'Billing basis' ensures transparency in the premium collection process.
KR
Kristine
1 year ago
It's important for the agent to handle the premiums properly to ensure accurate payments.
MA
Mable
1 year ago
Yes, the agent collects the premiums and deducts their commission before remitting the net premiums.
RO
Royal
1 year ago
I think you're right, 'Billing basis' is the correct answer.
DO
Dolores
2 years ago
I think the answer is B) Paying commission basis.