All of the following are similarities between agents and brokers, EXCEPT:

Insurance

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All of the following are similarities between agents and brokers, EXCEPT:

Options

A. Both are legal representatives of insurers.
B. Both collect premiums from insureds and remit to insurers.
C. Both are intermediaries between insurers and insurance buyers.
D. Both sell insurance appropriate to customers’ insurance needs.

Answer: A. Brokers are not legal representatives of insurers.

The above question All of the following are similarities between agents and brokers, EXCEPT:, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.