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Aninsurance broker is an agent of the insured, not the insurer. This statement is correct. This statement is incorrect because an insurance broker acts on
"Aninsurance broker is an agent of the insured, not the insurer."
- This statement is correct.
- This statement is incorrect because an insurance broker acts on behalf of the insurer.
- This statement is incorrect because an insurance broker does not act on behalf of either the insured or the insurer.
- None of these answers are correct.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
