A person not licensed as an intermediary can receive compensation for selling an insurance product for:

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Study for the Wisconsin Property Insurance Test. Explore flashcards and multiple choice questions, each with detailed hints and explanations. Prepare to ace your exam with confidence!

In Wisconsin, the laws and regulations governing insurance practices clearly state that individuals who are not licensed as intermediaries (such as agents or brokers) are not entitled to receive any compensation for selling insurance products. This regulation is in place to ensure that only those who are properly trained, tested, and licensed to understand the complexities of insurance policies and consumer protections are the ones who can receive commissions for selling such products.

By stating that an unlicensed individual can receive 0% of the commission, it reinforces the legal framework designed to protect consumers by ensuring that licensed professionals who have demonstrated knowledge of insurance products are responsible for selling them. This helps maintain standards within the industry and ensures that clients receive proper advice and service.

The other options suggest varying amounts of commission could be earned by unlicensed individuals, which contradicts the regulatory requirements established within the state. Therefore, the correct understanding is that without a license, there should be no compensation for selling insurance products.

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