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Author Question: Which of the following statements about insurance brokers is (are) true? I. They legally represent ... (Read 83 times)

natalie2426

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on: Jul 11, 2018
Which of the following statements about insurance brokers is (are) true? I. They legally represent the insured rather than the insurance company. II. They are prohibited from being licensed as agents.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Neil needs insurance that is unavailable in the state where he lives. To obtain insurance from a nonadmitted insurer, Neil should contact a
 
  A) surplus lines broker.
  B) nonadmitted agent.
  C) general agency broker.
  D) direct writer.


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kkenney

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

Answer: A

Answer to Question 2

Answer: A


natalie2426

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Excellent

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