Question: When does the RIB Act require an individual to be registered as an insurance broker? Options: A) If the individual recommends to friends they purchase
"When does the RIB Act require an individual to be registered as an insurance broker?"
Options:
A) If the individual recommends to friends they purchase insurance from a specific insurer because of the good deal they received on their insurance.
B) If the individual acts solely as a reinsurance broker.
C) If the individual, for remuneration, transacts insurance solely on behalf of one insurer and a Facility Association carrier.
D) If the individual, for compensation, provides risk management and loss prevention services on behalf of another.
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