Loading…
CMFASPrepStudyingRES5
Switch exam
Financial advisory
RES5Financial Advisory Services✓Which statement best distinguishes an insurance broker from a tied insurance agent?
A broker traditionally acts on behalf of the client (the insured), whereas a tied insurance agent acts as the agent of the insurer. This distinction affects whose knowledge and conduct is attributed to whom.
Reverse of the common confusion: the broker acts for the client, the agent for the insurer.
Practise more BCP Law of Contract & Agency questions
Exam-style questions with worked answers, then full timed mocks. Free to start.
Try a timed set: sit the free CMFAS mock exam, 5 questions with no sign-up. Or see the passes for the full question bank.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Original study material mapped to the public CMFAS BCP syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.