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4 years ago

All of the following insurance placements would be considered controlled business, EXCEPT:_______

Business

1 answer:

sesenic [268]4 years ago

5 0

Answer:

A producer places a property insurance policy on the home of his uncle.

Explanation:

The controlling producer Places insurance only with the controlled insurer, or only with the controlled

insurer and a member or members of the controlled insurer’s holding company system, or the controlled insurer’s parent, affiliate or subsidiary and receives no

compensation based upon the amount of premiums written in connection with such insurance; and accepts insurance placements only from non-affiliated subproducers, and not

directly from insureds; and the controlled insurer, except for insurance business written through a residual market

facility accepts insurance business only from a controlling

producer, a producer controlled by the controlled insurer, or a producer that is a

subsidiary of the controlled insurer.

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Mazyrski [523]

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2 years ago

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Damm [24]

Answer:

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Explanation:

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