Multiple Choice
Which of the following statements is false?
A) An insurance broker is an independent intermediary between an insurance company and the insured.
B) An insurance broker usually acts for the insured.
C) An insurance agent is engaged by and represents the insurance company.
D) An insurance agent is engaged by and represents the insured person.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following circumstances is not
Q9: Generally speaking, agents are entitled to be
Q10: Solicitors are:<br>A)commonly but not necessarily agents of
Q11: A real estate agent who learns that
Q12: T makes a written offer to A
Q14: An agent may have apparent authority to
Q15: The test for determining whether or not
Q16: Authority by ratification exists if the principal:<br>A)authorises
Q17: If an agent is appointed to engage
Q18: The nature and extent of the implied