True or False: Agents must receive an appointment from the associated insurance company within 15 days of the sale of an insurance product.

Agents are required to receive an appointment from the insurance company they are associated with within a specific time frame following the sale of an insurance product. This process is essential because it formalizes the relationship between the agent and the insurance company, ensuring that the agent is authorized to represent the company and sell its products. Receiving an appointment within 15 days of the sale serves to protect consumers and maintain regulatory compliance. This requirement emphasizes the importance of having proper authorization before conducting business on behalf of an insurer, thereby fostering professionalism and accountability within the insurance industry.

The notions that the requirement might only apply to new agents or depend on the sales amount are more restrictive interpretations that do not align with the general standards in the industry. The uniform requirement of receiving an appointment within a prescribed time frame is intended to create consistent practices across all agents in the field.