What best describes the main duty of a broker in the insurance process?

The main duty of a broker in the insurance process is to present the client's risk truthfully and disclose all material facts. Brokers act as intermediaries between their clients and insurance companies, and they have a fiduciary duty to their clients that requires them to provide accurate and complete information. This responsibility ensures that insurance companies have a full understanding of the risks they are underwriting, which is essential for determining appropriate coverage and pricing. By disclosing all material facts, brokers help protect the interests of their clients, making sure that they receive coverage that adequately reflects their risk profile.

This role is crucial because incomplete or misleading information can lead to complications, such as denied claims or policy cancellations. By upholding this duty, brokers foster trust between clients and insurers and ensure compliance with regulatory standards within the insurance industry.