Fiona is considering a career in the insurance industry in Canada. Which of the following statements about the industry is not true? All life insurance agents and brokers must be licensed by their...

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Extracted text: Fiona is considering a career in the insurance industry in Canada. Which of the following statements about the industry is not true? All life insurance agents and brokers must be licensed by their province of residence except for those working for direct marketing companies A. Automobile and Home insurance is also known as Property and Casualty insurance The life insurance industry is highly regulated by the provincial and federal C. governments D. An underwriter assesses risk and an actuary prices risk B.