Principios Generales de SegurosPregunta 236 de 531
In the traditional legal distinction between the two, a broker differs from an agent because a broker:
a.holds binding authority that an insurer's own agent would lack
b.is appointed by an insurer to accept applications on its behalf
c.represents the applicant when placing business with an insurer
d.may collect the premium but owes the buyer no duty of care
Explicación
A broker is legally the representative of the client and shops the market for that client, while an agent represents the insurer under an agency contract and can commonly bind coverage for it. Saying a broker is appointed by the insurer describes an agent instead. Both are licensed producers who owe duties to the people they serve, so the idea that a broker owes the buyer nothing is wrong.
Practica las 531 preguntas gratis — sin registro.
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
Preguntas relacionadas de este tema
- After a water loss, an insured signs a release of the plumbing contractor that caused it, then files the claim. The insurer may:
- An adjuster accepts a late proof of loss, inspects the damage and negotiates for weeks, then denies the claim because the proof was late. The insurer is most likely barred by:
- A producer has no written power to bind a certain commercial line, but has bound it for years while the insurer accepted the business and paid commissions. A court would most likely find:
- A producer deposits client premiums into the agency's general operating account and pays the office rent out of it. This conduct breaches:
- A contractor must show proof of property coverage today, although the policy itself will not be issued for three weeks. A binder issued by the producer:
- The structural difference between a stock insurer and a mutual insurer is that the mutual insurer:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Property & Casualty Insurance License Exam · Cómo revisamos