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chouri chouri
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Posts: 639
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6 years ago
Which of the following statements is (are) true regarding insurance agents and insurance brokers?
I.   A property and liability insurance agent has the authority to bind the insurer for certain types of coverage.
II.   A licensed broker who is not a licensed agent has the legal authority to bind an insurer.
A) I only
B) II only
C) both I and II
D) neither I nor II
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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6 years ago
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