pls help 30 of 90The Regulations under the RIB Act require an insurance brokerto provide evidence that insurance has been placed on behalfof a client. How must this be done and within what timeperiod?By providing a policy of insurance to the member of the public for whom he/sheacts within thirty (30) days after placing the insurance.By providing the member of the public for whom he/she acts with a receipt for thepremium or portion thereof which has been paid and which indicates the date thepolicy is effective.By providing a policy of insurance to the member of the public for whom he/sheacts within five (5) days of receiving it from the insurer.By providing a policy or certificate of coverage to the member of the public forwhom he/she acts within twenty-one (21) days after the placing of the insurance

The Regulations under the RIB Act require insurance brokers to provide evidence of placed insurance.…

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The Regulations under the RIB Act require an insurance broker to provide evidence that insurance has been placed on behalf of a client. How must this be done and within what time period?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

pls help

30 of 90
The Regulations under the RIB Act require an insurance broker
to provide evidence that insurance has been placed on behalf
of a client. How must this be done and within what time
period?
By providing a policy of insurance to the member of the public for whom he/she
acts within thirty (30) days after placing the insurance.
By providing the member of the public for whom he/she acts with a receipt for the
premium or portion thereof which has been paid and which indicates the date the
policy is effective.
By providing a policy of insurance to the member of the public for whom he/she
acts within five (5) days of receiving it from the insurer.
By providing a policy or certificate of coverage to the member of the public for
whom he/she acts within twenty-one (21) days after the placing of the insurance

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