Exam DISC-RM Practice Question 15
Study guide: Exam DISC-RM
Which statement about a policy placed with a nonadmitted insurer through a surplus lines broker is accurate?
- A) The state guaranty fund pays its claims if the insurer becomes insolvent.
- B) The insurer must hold a license in the insured's home state.
- C) The policy must use the state's approved forms and rates.
- D) The broker checks the insurer's eligibility and remits the premium tax.
Answer this question and see the worked solution