Business

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Who is an Insurance Producer

Who is an Insurance Producer? Insurance Broker vs Insurance Agent

Who is An Insurance Producer? An insurance producer is an insurance agent who solicits, negotiates, and effects contracts of insurance on behalf of an insurer… He sells insurance products to clients on behalf of an insurance company. The agent’s commission comes partially from the premium and the insurer. An insurance producer may also be an …

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Types of Insurance Frauds

What are the Different Types of Insurance Frauds

Insurance fraud is a type of scam that occurs at any stage of insurance transactions. There is no specification of people who can commit insurance fraud. This means that anyone from insurance brokers or agents, third-party claimants, insurance companies, and even applicants and policyholders are involved in such types of frauds. It clearly shows that …

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Bookkeeping Accounting and Payroll

Difference Between Bookkeeping Accounting and Payroll

People often use the terms bookkeeping accounting, and payroll interchangeably. It is true that these three terms are deeply linked with one another, but these are not the same. These terms are quite different from one another. In order to keep your finance department well-figured, It is important to know the difference between these terms. …

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