QuestionJune 2, 2025

An insurance agent agrees to pay the first monthly premium for an insurance applicant. This is called a(n) A. offer B. gift C. rebate D. incentive

An insurance agent agrees to pay the first monthly premium for an insurance applicant. This is called a(n) A. offer B. gift C. rebate D. incentive
An insurance agent agrees to pay the first monthly premium for an insurance applicant. This is called a(n)
A. offer
B. gift
C. rebate
D. incentive

Solution
4.0(254 votes)

Answer

D. incentive Explanation 1. Identify the nature of the payment The agent's action is a financial benefit to encourage the applicant to purchase insurance. 2. Determine the correct term Such actions are typically considered as providing an advantage or encouragement for a specific action.

Explanation

1. Identify the nature of the payment<br /> The agent's action is a financial benefit to encourage the applicant to purchase insurance.<br /><br />2. Determine the correct term<br /> Such actions are typically considered as providing an advantage or encouragement for a specific action.
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