During placement of a complex commercial risk, wha...

Colorado Car Sales Practice Test

Question Number 5

During placement of a complex commercial risk, what is a broker's core duty in the underwriting process?

To present the risk fairly and seek terms consistent with the client's instructions To guarantee that the insurer will pay every future claim To determine the insurer's regulatory capital requirement To act solely for the insurer in all circumstances

✔ Correct Answer:

To present the risk fairly and seek terms consistent with the client's instructions

Colorado Car Sales Practice Test

Question Number 5

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