Business, 10.10.2019 21:00 gwbdee918

Brokers differ from insurance agents in that

(a) brokers are compensated by their clients on a fee basis, while agents receive a commission from the company
(b) brokers are not agents of the company, and therefore cannot bind the company
(c) brokers operate primarily in the life insurance field, while agents operate in both the life insurance field and the property and liability field
(d) agents may bind the company orally, while brokers have the authority to bind only in writing.
(e) none of the above.

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Brokers differ from insurance agents in that

(a) brokers are compensated by their clien...