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?

a)Todd has an agency relationship with Linda.
b)Todd is a managing general agent.
c)Linda is the principal in her relationship with Todd.
d)Cory is a captive agent.