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Author Question: Jim would like to start a business raising thoroughbred racehorses. Obtaining insurance on the ... (Read 41 times)

storky111

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on: Jul 11, 2018
Jim would like to start a business raising thoroughbred racehorses. Obtaining insurance on the horses is a key concern, and he was dismayed to learn that none of the insurers authorized to operate in his state offer this specialty insurance.
 
  What is the name of the intermediary that Jim can use to place this coverage with an insurer not admitted to his state?
  A) alien insurer
  B) general agent
  C) surplus lines broker
  D) direct writer

Question 2

Brian buys and sells investment securities for his clients. Brian also decided to become a licensed life insurance agent to better serve his customers.
 
  While Brian's primary focus is buying and selling financial securities for his clients in exchange for commissions, he also earns commissions on his life insurance sales. Brian is a(n)
  A) direct writer.
  B) stock broker.
  C) insurance broker.
  D) personal-producing general agent.


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orangecrush

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


storky111

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

raenoj

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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