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Question 3 (3 points) Agents and brokers have different functions within the insurance industry a Explain these differences with reference to principal-agent relationships. 2

Question 3 (3 points) Agents and brokers have different functions within the insurance industry a Explain these differences with reference to principal-agent relationships. 2 Marks b. Demonstrate the 'Best Interests Duty' and what makes it a priority in delivering financial advice. 1 Mark

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