When an agent, broker, or solicitor handles premiums for an insurer, they are acting in which of the following capacities?
A. Managing General Agent (MGA).
B. A legal representative with power of attorney.
C A natural person under the code.
D. A fiduciary.
Ans: D. A fiduciary.
Business
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"The revenues from an unrented hotel room are forever lost." This statement refers to which characteristic of services?
a. intangibility b. perishability c. variability d. inseparability
Business
Explain the procedure for obtaining a mechanic's lien
What will be an ideal response?
Business