Who is personally liable for all contracts of insurance unlawfully made within Tennessee on behalf of an unauthorized insurer?

Who is personally liable for all contracts of insurance unlawfully made within Tennessee on behalf of an unauthorized insurer?



a) The insured is liable.

b) The State of Tennessee is liable.

c) The individual making the contract on behalf of the unauthorized insurer is liable.

d) The unauthorized insurer is liable.

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees

All of these statements about the Waiver of Premium provision are correct EXCEPT