If an agent must hold a separate and distinct insurance licence by law, which type of insurance must they be able to sell?

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Multiple Choice

If an agent must hold a separate and distinct insurance licence by law, which type of insurance must they be able to sell?

Explanation:
Licensing for insurance in Canada is divided by lines of business, and each line needs its own distinct license. Property insurance sits in the property and casualty category, which is regulated separately from life and health. Because the law requires a separate license to sell that line, the agent must be able to sell property insurance. Mortgage insurance is often tied to life products or regulated differently, and life/health lines have their own licensure, but the scenario points to property insurance as the line needing a distinct license.

Licensing for insurance in Canada is divided by lines of business, and each line needs its own distinct license. Property insurance sits in the property and casualty category, which is regulated separately from life and health. Because the law requires a separate license to sell that line, the agent must be able to sell property insurance. Mortgage insurance is often tied to life products or regulated differently, and life/health lines have their own licensure, but the scenario points to property insurance as the line needing a distinct license.

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