CII I10 Practice Questions - CII I10 Insurance Broking Fundamentals Exam

The most traditional way in which an insurance broker is remunerated for arranging cover is by:

A share of the insurer's underwriting profit Brokerage, which is commission paid by the insurer as a percentage of the premium A fixed annual retainer paid by the regulator Interest earned on the client's premium before it is paid to the insurer

Correct Answer:

Brokerage, which is commission paid by the insurer as a percentage of the premium

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