Which of the following is a key responsibility of brokers under the RIBO Act?

Providing accurate information about policies is a fundamental responsibility of brokers under the RIBO Act. This requirement ensures that consumers have access to truthful and transparent information regarding their insurance products. Having accurate information allows consumers to make informed decisions about which policies best suit their needs and circumstances. Brokers act as intermediaries between insurance companies and consumers, and their obligation to provide clear and precise details about policy coverage, terms, and conditions is critical for fostering trust and integrity in the insurance market.

While managing financial portfolios and offering financial advice may be aspects of some professional roles in finance or insurance, they are not main responsibilities outlined for brokers under the RIBO Act. Additionally, conducting charity events, while potentially valuable to the community, does not align with the regulatory obligations of insurance brokers concerning policy transactions.