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A licensed business entity acting as an insurance agent MUST

A licensed business entity acting as an insurance agent MUSTNotify the Bureau of Insurance of any fictitious name used
Report commissions to the Bureau of Insurance
Complete continuing education requirements every 5 years
Have been conducting business in Virginia for 3 years

A licensedbusiness entityacting as an insurance agent MUST have all of the above. The correct answer is option e.A licensed business entity acting as an insurance agent must adhere to certain obligations inVirginia.Firstly, it is required to notify theBureauof Insurance if it uses any fictitious name while conducting its operations. This ensures transparency and accountability in the insurance industry. Secondly, the entity must reportcommissionsearned to the Bureau of Insurance, enabling the regulatory authority to monitor financial transactions and ensure compliance with applicable regulations.Additionally, the business entity is obligated to complete continuing education requirements every five years. This ensures that agents stay updated with industry developments, enhancing their knowledge and skills.Lastly, the entity must have a minimum of three years of business experience in Virginia, establishing a foundation of expertise andreliabilitywithin the state's insurance market.The correct answer is option e.To know more aboutbusiness entityrefer to-brainly.com/question/30762826#SPJ11Complete questionA licensed business entity acting as an insurance agent MUSTa. Notify the Bureau of Insurance of any fictitious name usedb. Report commissions to the Bureau of Insurancec. Complete continuing education requirements every 5 yearsd. Have been conducting business in Virginia for 3 yearse. all of the above...

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