Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An insurance broker, whether individual, corporate or partnership, must engage solely in the business of a general insurance broker, but this does NOT apply: a)

An insurance broker, whether individual, corporate or partnership, must engage solely in the business of a general insurance broker, but this does NOT apply: a) To members who have been specifically granted an exemption to this requirement by the Qualification and Registration Committee of RIBO and are in full compliance with all its terms and conditions. b) To an individual who will also be working for an insurer. c) To the occasional mutual funds transaction on behalf of a mutual funds agent who, in turn, provides insurance leads for the insurance broker on a reciprocal basis. d) To accountants and lawyers properly accredited by their respective associations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The statement An insurance broker whether individual corporate or partnership must engage solely in ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions