________ are the form human needs take as they are shaped by culture and individual personality

A) Wants
B) Necessities
C) Services
D) Benefits
E) Risks

A

Business

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An insurance producer in a position of financial trust to both the client and the insurer is best described as

A) a solicitor B) a broker C) a trustee D) a fiduciary"

Business

For a business entity to be licensed as a broker the following is required:

A) the entity must provide proof of E&O insurance of $1 million for each occurrence if the designated agent owns less than 10% of the entity. B) a managing officer of the entity must be designated as the agent for purposes of TRELA. C) all of these are required. D) the designated agent must have a broker's license in active and good standing with TREC.

Business