An Unlicensed Insurance Broker Who Cannot Personally Recover a Fee

question 48

True/False

An unlicensed insurance broker who cannot personally recover a fee because of the absence of a license can effectively circumvent the statutory requirements by having a friend who is a licensed broker bill for the services and collect the payment for him.

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Definitions:

Wild Species

Plant and animal species that exist naturally in the wild, untouched by domestication or genetic modification.

Medicinal Benefits

The health advantages gained from the consumption or use of drugs, plants, or other substances with therapeutic properties.

Precautionary Strategy

An approach to decision-making that emphasizes preventive action in the face of uncertainty, aiming to minimize risks.

Captive Breeding

The process of breeding animals in controlled environments within zoos, wildlife reserves, or other facilities to preserve endangered species.