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In accordance with the Code of Ethics, agents must provide a completed application to:

A. The soliciting agent and the insured.
B. The prospective insured and the insurer.
C. The Director and the insurer.
D. The Florida Insurance Guaranty Association and the Director.

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Final answer:

Agents must provide completed applications to the prospective insured and the insurer. Financial intermediaries use applications in financial contracts while state regulations like the McCarran Ferguson Act monitor insurance companies and provide support in insolvency cases.


Explanation:

Agents must provide a completed application to B. The prospective insured and the insurer.

Financial intermediaries use applications as a crucial part of the financial contract process to ensure accuracy and honesty. They verify information through third parties and take steps to protect both the company and policyholders.

State governments regulate insurance through acts like the McCarran Ferguson Act, requiring approval of rates and monitoring financial strength. In cases of company insolvency, guaranty funds by states like Washington aid in settling claims.


Learn more about Insurance policies and regulations here:

https://brainly.com/question/43401780


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