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The amount of premiums written is generally used as a basis for determining compensation paid to the agent, called:
Suggested Answer: C
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28 comments · newest first
CA
Casey
10 months ago
Yeah, commission is the right term.
EL
Eliseo
10 months ago
I thought it was revenues?
NO
Noel
10 months ago
Wait, are we sure it's not earning?
EA
Earleen
10 months ago
I always thought it was called something else!
CA
Cathrine
11 months ago
It's definitely commission!
LE
Leatha
11 months ago
I’m pretty confident it’s commission. I remember it being a key term in our last review session!
TH
Theola
11 months ago
I’m torn between commission and earnings. I feel like I’ve practiced this before, but I can’t pinpoint the right term.
ST
Stephaine
11 months ago
I remember discussing how agents get paid based on premiums, but I can't recall if it was called revenues or something else.
JA
James
12 months ago
I think the answer might be commission, but I’m not entirely sure. It feels like I’ve seen something similar in practice questions.
DY
Dylan
12 months ago
Ugh, I'm drawing a blank on this one. Insurance terminology is not my strong suit. I'll have to make an educated guess and hope for the best.
PA
Pauline
12 months ago
Okay, I've got this! The question is asking about how insurance agents are paid, and the key is that it's based on the "amount of premiums written." So the correct answer has to be C, commission.
BR
Brock
1 year ago
Hmm, I'm a little unsure about this one. I know it's related to insurance, but I'm not totally familiar with the specific terminology around agent compensation. I'll have to think this through carefully.
SH
Sherrell
1 year ago
This seems like a straightforward question about insurance agent compensation. I'll focus on the key terms like "premiums written" and "compensation" to determine the correct answer.
JA
Jacquline
1 year ago
I think revenues are the total income generated, while commission is specifically what the agent earns.
JA
Jacinta
1 year ago
But wouldn't revenues also be a valid option?
GE
Geoffrey
1 year ago
A) collection? Really? That's like saying the agents get paid in 'dust bunnies' or something. Come on, people, let's think this through!
RI
Rikki
1 year ago
I agree with Jacquline, commission makes sense.
MI
Micaela
1 year ago
Hmm, I'm torn between B) revenues and C) commission. Maybe the insurance agents get a little 'commission' on top of their 'revenues'? Gotta keep those numbers straight!
NA
Nadine
1 year ago
I think it's C) commission. Agents usually get a percentage of the premiums they write.
KA
Karan
1 year ago
D) earning, definitely. The premiums are the agents' hard-earned pay, so it makes sense that they'd be called 'earnings'.
MY
Myra
1 year ago
B) revenues
JE
Jerry
1 year ago
A) collection
LE
Lettie
1 year ago
C) commission
JA
Jacquline
1 year ago
C) commission
SH
Shantay
1 year ago
I'm going with B) revenues. Seems like the most logical choice, since the premiums are the main source of income for the insurance company.
DI
Diego
1 year ago
C) commission, of course! The agents' compensation is directly tied to the premiums they bring in. It's like a little commission-fueled dance they do with the insurance companies.
LO
Louvenia
1 year ago
C) I agree, it's all about that commission for the agents. The more premiums they write, the more they earn.
CR
Cristen
1 year ago
C) commission, of course! The agents' compensation is directly tied to the premiums they bring in. It's like a little commission-fueled dance they do with the insurance companies.