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From whom does a broker obtain its authority to bind coverage on a risk? From the Insurance Act. From the Insurance Company. From the Registered Insurance Brokers of Ontario. From the Financial Services Regulatory Authority of Ontario.
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Transcribed Image Text:From whom does a broker obtain its authority to bind coverage on a risk? From the Insurance Act. From the Insurance Company. From the Registered Insurance Brokers of Ontario. From the Financial Services Regulatory Authority of Ontario.
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Step 1: Define bind coverage on a risk
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Step 2: Reason for correct option
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Step 3: Reason for incorrect option
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