« previous next »

Author Question: Which of the following statements is (are) true regarding insurance agents and insurance brokers? ... (Read 86 times)

mwit1967

  • Hero Member
  • *****
  • Posts: 501
on: Jul 11, 2018
Which of the following statements is (are) true regarding insurance agents and insurance brokers?
 
  I. A property and liability insurance agent has the authority to bind the insurer for certain types of coverage.
  II. A licensed broker who is not a licensed agent has the legal authority to bind an insurer.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Big Life Insurance Company purchased Regional Bank. Regional Bank has 27 branches in four states.
 
  Big Life Insurance Company required one employee at each bank branch to become a licensed life insurance agent and to sell Big Life Insurance Company annuities and life insurance products. This distribution channel is an example of the
  A) career agent distribution system.
  B) direct response distribution system.
  C) financial institution distribution system.
  D) worksite marketing distribution system.


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Alkylating Agents Alkylating Agents
Classification of Antihypertensive Agents Classification of Antihypertensive Agents
Agents Used in the Treatment of Diabetes Mellitus Agents Used in the Treatment of Diabetes Mellitus
A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ... A diagram showing one of Mendel’s crosses. True-breeding strains of pea plants with smooth and ...
Video: Medullary osmotic gradient - influencing factors

For a complete list of videos, visit our video library