Identify the characteristic feature of a broker than differentiates him/her from an agent.
A) They are compensated by the insured.
B) They do not represent the insurance company or the buyer.
C) They legally represent the insurance company.
D) They act as the insured's legal agent when the business is placed with an insurer.
E) They work under the agent, who hire and train them and pay them a monthly salary.
Correct Answer:
Verified
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