Pennsylvania Life and Health Insurance Exam Practice Question
Who may terminate a producer’s appointment?
Correct Answer: A
Rationale: The insurer holds the authority to terminate a producer’s appointment, as they are responsible for managing the distribution of their insurance products and maintaining compliance with regulatory standards.
Option B, the producer, typically cannot unilaterally terminate their own appointment without the insurer's consent, as this relationship is contractual. Option C, the policy owner, does not have the authority to terminate a producer's appointment, as their relationship is with the insurer. Lastly, option D, the insured, also lacks the power to terminate a producer's appointment, as they engage with the insurer rather than the producer directly.
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