Question

An agent has advertised that the insurer to which the agent is appointed with is a member of the Insurance Guarantee Association. This agent has committed a(n):

a) Act of misrepresentation
b) Unauthorized disclosure
c) Unfair discrimination
d) Regulatory violation

Answer 1

The agent has committed an act of misrepresentation by falsely claiming that the insurer is a member of the Insurance Guarantee Association.

Step-by-step explanation:

The agent has committed an act of misrepresentation by advertising that the insurer to which they are appointed with is a member of the Insurance Guarantee Association. Misrepresentation refers to providing false or misleading information about a product or service. In this case, the agent is falsely claiming that the insurer is a member of the association, which could mislead potential customers.