Knowledge quiz

It’s time to put what you’ve learned to the test, get 3 questions right to pass this unit.

What is the key difference between a Broker and a Producer?

Choose the correct answer.

A Producer is any entity that sells a carrier’s products, and needs to have the appropriate credentials, and the Broker is the entity that is assigned to a customer.

A Broker is any entity that sells a carrier’s products, and needs to have the appropriate credentials, and the Producer is the entity that is assigned to a customer.

A Producer is any entity that sells a carrier’s products, and needs to have the appropriate credentials, and the broker is the entity which receives the payment voucher.

A Broker is any entity that sells a carrier’s products, and needs to have the appropriate credentials, and the Producer is the entity which receives the payment voucher.

Which type of entity is a credential issued by a government entity for a combination of geography and line of business?

Choose the correct answer.

Appointment

License

Certificate

Contract

Knowledge quiz

What is the key difference between a Broker and a Producer?

Which type of entity is a credential issued by a government entity for a combination of geography and line of business?

What is another term for a Vendor?