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The Brokered Transactions Guaranty Fund in Connecticut
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The Brokered Transactions Guaranty Fund in Connecticut

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Questions and Answers

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?

  • $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?

  • 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)
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