Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registration will be "restricted to Acting Under Supervision". Which one (1) of the following most accurately describes the conditions under which you may act as an insurance broker under supervision? OA) You may not act as a sole proprietor, nor be a "Principal Broker" as the term is used in the regulation, nor may you control trust funds. OB) You may operate a trust account in your own name into which you may deposit premiums you receive from policyholders. OC) You may solicit insurance only from persons who call at, or telephone your office. OD) You may solicit insurance inside or outside your office but only in the community where your office is located.

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Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registration
will be "restricted to Acting Under Supervision". Which one (1) of the following most accurately describes the conditions under
which you may act as an insurance broker under supervision?
OA) You may not act as a sole proprietor, nor be a "Principal Broker" as the term is used in the regulation, nor may you
control trust funds.
OB) You may operate a trust account in your own name into which you may deposit premiums you receive from policyholders.
OC) You may solicit insurance only from persons who call at, or telephone your office.
OD) You may solicit insurance inside or outside your office but only in the community where your office is located.
Transcribed Image Text:Upon successful completion of the examination you may qualify for registration as an insurance broker. If issued, the registration will be "restricted to Acting Under Supervision". Which one (1) of the following most accurately describes the conditions under which you may act as an insurance broker under supervision? OA) You may not act as a sole proprietor, nor be a "Principal Broker" as the term is used in the regulation, nor may you control trust funds. OB) You may operate a trust account in your own name into which you may deposit premiums you receive from policyholders. OC) You may solicit insurance only from persons who call at, or telephone your office. OD) You may solicit insurance inside or outside your office but only in the community where your office is located.
What is "subrogation"?
OA) It is the insurable interest of the mortgagee of a property.
OB) It is the valuation of property after a loss covered by insurance.
OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy.
OD) It is action by an insurer after it pays a loss to recover from the party responsible.
Transcribed Image Text:What is "subrogation"? OA) It is the insurable interest of the mortgagee of a property. OB) It is the valuation of property after a loss covered by insurance. OC) It is the amount of insurance is too low to meet the co-insurance requirements in a policy. OD) It is action by an insurer after it pays a loss to recover from the party responsible.
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