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    Question

    What is the Fee paid to an agent or insurance

    salesperson as a percentage of the policy premium?
    A Annuity Correct Answer Incorrect Answer
    B Paid up Correct Answer Incorrect Answer
    C Semi-premium Correct Answer Incorrect Answer
    D Commission Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A commission is a service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security. Most major, full-service brokerages derive much of their profits from charging commissions on client transactions.

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