Which of the following statements about brokers is (are)true?
I.They legally represent the insured rather than the insurance company.
II.They are prohibited from being licensed as agents.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Statement I is true as brokers represent the insured and not the insurance company. Statement II is false as brokers can also hold licenses as agents.

Which of the Following Statements About Brokers Is (Are)true