Which of the following statements is (are) true regarding insurance ag

Which of the following statements is (are) true regarding insurance agents and insurance brokers?

I. A property and liability insurance agent has the authority to bind the insurer for certain types of coverage.
II. A licensed broker who is not a licensed agent has the legal authority to bind an insurer.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: A