Linda meets with Cory, a licensed insurance agent, to discuss her life insurance needs. After...
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Linda meets with Cory, a licensed insurance agent, to discuss her life insurance needs. After completing a needs analysis, Cory recommends a Term 20 policy to Linda and provides a quote from his firm. Not satisfied with Cory's recommendation, Linda decides to explore other options and meets with another licensed agent, Todd. Unlike Cory, Todd can sell policies from a number of insurance companies. Linda accepts a quote provided by Todd and purchases the recommended policy. Which of the following statements about the structures that Todd and Cory operate under is CORRECT?
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