California Insurance Code & EthicsQuestion 66 of 315
Under California Insurance Code definitions, an insurance broker represents whom in a transaction?
a.The Commissioner as a state agent
b.The insurer issuing the policy
c.Both parties equally as a neutral
d.The insured (the consumer)
Explanation
Cal. Ins. Code §33 defines a broker as a person who transacts insurance on behalf of an insured. By contrast, an agent (§31) is authorized to act on behalf of an insurer.
Law Reference: Cal. Ins. Code §31, §33Practice all 315 questions free — no signup required.
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Sen Lin, PrepPass Founder · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)