Using insurer forms, the independent agent binds an insurer, sends underwriting information to the insurer, and later delivers a policy to the insured.

Question

Quizplus · Accepted Answer

An independent agent acts as an intermediary between the insurer and the insured. By using insurer forms, the agent can bind coverage on behalf of the insurer, submit underwriting information for assessment, and upon approval, deliver the final insurance policy to the insured.

Using Insurer Forms, the Independent Agent Binds an Insurer, Sends