Alberta General Insurance Level 1 Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Possible explanation The other options A, C, and D are all functions related to the accounts receivable process in a Broker's Accounting System, which involves managing the money owed to the agency by its clients. Collection of premiums refers to collecting payments from clients for insurance policies, verification of billings from insurers refers to reconciling the agency's records with the amounts billed by insurance companies, and control of money owed to the agency involves monitoring and tracking outstanding balances. Option B, investment in stocks, is not directly related to the accounts receivable process and refers to the agency's decision to invest its funds in the stock market. Therefore, it is the only option that is not a function related to accounts receivable in a Broker's Accounting System.