Actuarial Notes

Exam DISC-RM Practice Question 51

Study guide: Exam DISC-RM

Which statement about agents and brokers is accurate?

  • A) A broker legally represents the insurer and can usually bind it.
  • B) An agent's authority comes from the insurer, and agents often can bind coverage.
  • C) An agent represents the buyer and shops the account among unrelated insurers.
  • D) A broker can never also act as an agent of any insurer.

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