Who typically has the authority to place coverage with multiple insurers and bind coverage?

• A. Broker
• B. Agent
• C. Adjuster
• D. Underwriter

Answer: (A)

In aviation insurance, the person who represents the insured in the market and has the authority to place risk with multiple insurers and bind coverage is the broker. Brokers act as the intermediary, shopping the risk across a range of carriers, negotiating terms, and using binders to commit coverage on behalf of the insured. This market-access role is what lets a broker place, and bind, coverage with several insurers as needed. An agent, by contrast, typically represents a particular insurer (or a narrow group) and binds coverage for that insurer. An adjuster handles claims, while an underwriter evaluates risk for an insurer and does not bind coverage across multiple markets.