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Questions and Answers
Which consumers are eligible for financial compensation from the Brokered Transactions Guaranty Fund?
Which consumers are eligible for financial compensation from the Brokered Transactions Guaranty Fund?
- Consumers who have been harmed through embezzlement of money or property (correct)
- All consumers in Connecticut
- Consumers who have been harmed by an insurance producer licensed in Connecticut
- Consumers who have been harmed by an unlicensed person who acted like a producer
What is the maximum amount of financial compensation provided by the Brokered Transactions Guaranty Fund?
What is the maximum amount of financial compensation provided by the Brokered Transactions Guaranty Fund?
- $5,000
- $10,000 (correct)
- $20,000
- $15,000
Who can be held responsible for the harm caused to consumers that can be compensated by the Brokered Transactions Guaranty Fund?
Who can be held responsible for the harm caused to consumers that can be compensated by the Brokered Transactions Guaranty Fund?
- Neither insurance producers licensed in Connecticut nor unlicensed persons who acted like a producer
- Only unlicensed persons who acted like a producer
- Only insurance producers licensed in Connecticut
- Both insurance producers licensed in Connecticut and unlicensed persons who acted like a producer (correct)
