Ace the 2026 RIBO Exam – Boost Your Insurance Broker Swagger!

Question: 1 / 475

Which duty is NOT typically expected of a broker?

Advising clients on their insurance needs

Settling claims on behalf of their clients

Settling claims on behalf of clients is not typically a duty of a broker. Brokers primarily serve as intermediaries between the client and the insurance company, focusing on selling insurance products and ensuring clients have suitable coverage based on their needs. Their role includes advising clients on insurance options, assessing risks, and helping them find the best policies available in the market. While brokers may assist clients with the claims process by providing guidance, the actual settlement of claims is usually the responsibility of the insurance company itself and its claims adjusters. Thus, the function of directly resolving claims is outside the standard expectations of a broker’s duties.

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Assessing risk and providing appropriate coverage

Finding the best policy for clients

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