Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Agency is a relationship in which one person is authorized to represent and act for another person or for a corporation. In insurance, brokers are

Agency is a relationship in which one person is authorized to represent and act for another person or for a corporation. In insurance, brokers are licensed individuals who

A)

represent many insurers and act as an agent of the insurance buyer.

B)

represent a select number of insurers.

C)

represent many insurers and act as an agent of the principal.

D)

represent the principal.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these General Management questions

Question

1. What special challenges does anorexia nervosa pose for family relationships? How does it affect patients in their roles as children, spouses, and parents?

Answered: 1 week ago

Question

★★★★★

Feldkamp Services, Inc. is trying to establish the standard labor cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month....

Answered: 1 week ago

Question

★★★★★

Which of the following are valid strategies to handle architectural design decisions in software engineering? Using architectural patterns and styles to address recurring design problems. Ignoring...

Answered: 1 week ago

Question

★★★★★

3 6 Question 3 (1.25 points) A stock has these historical returns in 3 years as follow: Year Return (%) 123 -5 12 5 What is the geometric average return of the stock? 1.06 percent 25.09 percent 1.26...

Answered: 1 week ago

Question

★★★★★

Suppose an immaterial relationship exists between Compnay Y , your firm's audit client, and Company X . Which statement best describes a situation in which Compnay X is an affiliate of Company Y

Answered: 1 week ago

Question

★★★★★

While passing the break room, James heard a conversation between various team members regarding after work schedules with kids, weekend plans and a project the group planned to finish by Friday. Many...

Answered: 1 week ago

Question

★★★★★

Reynold's division is migrating to a new collaboration site. To successfully implement the change, he must ensure that his team's files are migrated properly, and that his team is properly trained on...

Answered: 1 week ago

Question

★★★★★

60. Marlon, married on June 5, 2016 died on April 29, 2018 with the following data: Gross estate conjugal, P3,000,000; exclusive, P2,000,000. Said amount includes a land which he received as wedding...

Answered: 1 week ago

Question

★★★★★

You bought one of BB Co.'s 10% coupon bonds one year ago for $1100. These bonds make annual payments, have a face value of $1000 each, and mature seven years from now. Suppose you decide to sell your...

Answered: 1 week ago

Previous Question Next Question