In the DEF Life Ltd licensing context, offering clients the option to pay for services by fee is part of the criteria for using the term 'insurance broker'.

• A. I only.
• B. I and II only.
• C. II and III only.
• D. I, II and III.

Answer: (A)

In this licensing framework, how you’re compensated helps determine whether you can use the title of insurance broker. Charging a fee for the services you provide fits the broker role because it signals a formal, service-based advisory relationship rather than a model based solely on commissions. The statement indicates that the option to pay by fee is one part of what defines someone as an insurance broker. The other criteria referenced aren’t part of the broker definition in this context, or aren’t sufficient on their own to grant that label, so they don’t contribute to satisfying the broker criteria. Therefore, only the criterion about offering a fee-for-service option is relevant, making the correct choice the one that includes just that criterion.