A contract between a producer and an insurance company
A. Must be in writing and signed by both parties.
B. Can be in writing or a verbal agreement.
C. Is considered noncancellable until it expires.
D. Must be signed at least by one party.
Answer (2)
The most effective way to establish a contract between a producer and an insurance company is for it to be in writing and signed by both parties. This approach ensures clarity and provides a strong basis for enforceability. Therefore, option A is the best choice.
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A contract between a producer and an insurance company is generally best when documented in writing and signed by both parties for clarity and enforceability. While verbal agreements can exist, they are typically harder to enforce without written records. Therefore, the best approach is option A, ensuring clear terms and conditions. ;
