please help with all i ill rate u

When compared to a wholesale broker or MGA, one unique function typically performed by a program manager is to

Select one:

A. Issue policies on the insurer's behalf.

B. Ensure that all transactions adhere to applicable statutes and regulations.

C. Practice sound management in office operation.

D. Market programs to retail agents and sometimes to other wholesalers.

Question 12

I

Question text

In addition to general functions performed by surplus lines intermediaries, one of the additional functions of a wholesale broker is to

Select one:

A. Maintain documentation.

B. Collect premium taxes.

C. Provide counseling to identify loss exposures.

D. Prepare complete submissions for surplus lines underwriters.

Question 13

ID# 5876329 Points: 1

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Question text

To satisfy the diligent search requirement, state laws and regulations often specify the

Select one:

A. Locations of insurers that must decline the risk.

B. Names of insurers that must decline the risk.

C. Number of declinations needed.

D. Amount of time required to complete a diligent search.

Question 14

Surplus lines intermediaries

Select one:

A. Are licensed on a resident basis in their home state.

B. Cannot acquire a nonresident license in states other than their home state.

C. Must obtain a federal surplus lines broker's license.

D. Are not required to obtain a license in any state.

Question 15

One factor that may dictate a surplus lines insurer's classes of business is the

Select one:

A. Individual and business tax rate in the insurer's state of domicile.

B. Laws governing ownership of insurers in the state of domicile.

C. Level of accounting expertise available to the insurer.

D. Surplus lines insurer's reinsurance program.