In 2004, insurance brokers in New York were accused of violating a duty to their clients (insurance buyers) . What was that duty?
A) Loyalty to the buyer
B) No self-dealing at the buyer's expense
C) Full disclosure to the buyer about the insurer's financial condition
D) Full disclosure of all the broker's investment interests in insurers
Correct Answer:
Verified
Q23: The MIB is most helpful to which
Q24: Monah Lott is an agent for Mutual
Q25: Pro-rata reinsurance means:
A) losses, premiums, and expenses
Q26: In 2004, the attorney general of New
Q27: When a $1 million insured loss occurs
Q29: Which of the following is not a
Q30: The insurance company accountant must apply what
Q31: Simpson is an employee of United of
Q32: Facultative reinsurance is:
A) automatic, on a treaty
Q33: ET Insurance Company cedes to MJ Insurance
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