IF1 Exam Dumps | A broker collects premiums on behalf of an insurer and subsequently goes into liquidation. Various premiums

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Question 26/35

A broker collects premiums on behalf of an insurer and subsequently goes into liquidation. Various premiums are outstanding to the insurer, despite policyholders having paid the broker What action is the insurer most likely to take?

A. Cancel the policies from inception for non-payment.

B. Write to the liquidator to register the debt.

C. Offer a discounted premium payment to the policyholders.

D. Apply for a second payment from the policyholders.

Question 26/35

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