CPCU 530 Ch. 8

Question 1

Any of several kinds of insurance personnel who place insurance business with insurers and who represent either insurers or insureds, or both

Answer 1

Insurance producers

Question 2

A legal representative of one or more insurers for which the representative has a contractual agreement to sell insurance

Answer 2

Insurance agent

Question 3

An agent that transacts all of a principal’s business of a particular kind or in a particular place

Answer 3

General agent

Question 4

A person or an entity that is employed to act for the principal in a specific transaction or only for a particular purpose or class of work

Answer 4

Special agent

Question 5

An insurance producer whose authority is limited by contract with an insurer to soliciting applications for insurance and performing other acts directly incident to those activities

Answer 5

Soliciting agent

Question 6

An independent producer who represents insurance customers

Answer 6

Broker