Agents/Brokers are not contracted by the FAIR Plan; therefore, which of the following would apply?

Insurance

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Agents/Brokers are not contracted by the FAIR Plan; therefore, which of the following would apply?

A. They have unlimited binding authority

B. They can accept payment on behalf of the FAIR Plan

C. They cannot accept payment or issue binders on behalf of the FAIR Plan

D. They can be contracted after 1 year of service

Answer: Agents/Brokers are not contracted by the FAIR Plan and cannot accept payments or issue binders on behalf of the FAIR Plan.–They cannot accept payment or issue binders on behalf of the FAIR Plan

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