Which of the Following Statements Is (Are)true with Regard to Surplus

question 26

Multiple Choice

Which of the following statements is (are) true with regard to surplus lines brokers?
I.Surplus lines brokers are retail producers who deal directly with insurance consumers.
II.Surplus lines brokers do have authority to bind insurers.

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

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Definitions:

Applying a Generalization

The process of applying a broad principle or rule to specific instances or situations.

Classes of Objects

Categories or groups of objects that share common characteristics, properties, or attributes.

Valid Argument

An argument whose premises, if true, provide conclusive support for its conclusion.