« previous next »

Author Question: Which of the following statements is (are) true regarding insurance agents and insurance brokers? ... (Read 118 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?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Fruits attractive to animal seed dispersal agents. Fruits attractive to animal seed dispersal agents.
Selected Hypothalamic and Pituitary Agents Selected Hypothalamic and Pituitary Agents
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Local Anesthetic Agents Local Anesthetic Agents
Hemostatic Agents Are Available as Dressings or Granules Hemostatic Agents Are Available as Dressings or Granules
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library