Answer:
The Correct answer is B.
Explanation:
A Producer in an Insurance Company is a Consultant to members of the public in need of Insurance. A Producer is a professional Insurer/Agent who goes to markets and brokers to trade for the insured.
One of the duties of a producer is to ensure that he acts in fiduciary when handling premiums and applications for the insured. Other duties include; to monitor the increase in sales on behalf of existing clients, a Producer should be innovative by bring up new strategies to improve its clientele etc.
Fiduciary mean to " act in good faith". A Producer should always act in good faith by representing the interest of the insured at all times and to carefully monitor insurance policies.
Answer:
Social influence model
Explanation:
The social influence model has its basis on the Social Learning Theory proposed by Bandura, which indicates that behavior comes from either positive or negative influences. Individuals that are part of the social sphere (such as parents and peers) and subjection to the media usually work as impact models, representing proper or improper behavior.
<span>In a centrally planned economy, the government owns and operates production facilities and manages the flow of supply and demand rather than allowing interactions between businesses and consumers to determine supply and demand.
In a pure market economy the government has no role. Instead, the market makes all allocation decisions.
In a market economy, the government does not oversee the day to day micro transactions. Instead, it oversees the economy, making sure that it steps in to stabilize the market if it is going through a recession. The government is also allowed to step in and prevent trade or business with any country that it feels is a threat.
In a mixed economy, the government can create a central plan that guides the economy. The government is also allowed to own important industries, such as aerospace or banking. In some mixed economies the government handles social programs like welfare or retirement.</span>
