Which of the Following Statements About Brokers Is (Are)true

question 14

Multiple Choice

Which of the following statements about brokers is (are) true?
I.They legally represent the insured rather than the insurance company.
II.They are prohibited from being licensed as agents.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used to estimate properties of an underlying population.

Mean

The arithmetic average of a set of scores.

σ

A symbol commonly used in statistics to represent the standard deviation of a population.

Null Hypothesis

A statement in statistical hypothesis testing that asserts there is no significant effect or difference.