Question 21

In the surplus lines marketing system, a complex organization with several offices located in various parts of the country offering many kinds of surplus lines coverage and special programs for certain classes of business is most likely called

Select one:

A. A retail producer.

B. A Lloyd's broker.

C. An independent wholesale broker.

D. A national wholesaler.

Question 22

In the absence of other tax-sharing arrangements, surplus lines premium taxes are regulated by

Select one:

A. The surplus lines intermediary's home state.

B. The surplus lines insurer's state of domicile.

C. Every state in which the insured conducts operations.

D. Only the insured's "home state."

Question 23

In a binding authority relationship, which party makes the decision to bind and issue the policy?

Select one:

A. The applicable surplus lines stamping office

B. The intermediary

C. The surplus lines insurer's underwriter

D. The retail agent