Which of the following is a responsibility of a broker when placing business?

A broker has a fundamental responsibility to operate within their authorized appointments. This means that brokers must act within the limits of the authority granted to them by the insurance companies they represent. They are tasked with representing the insurers honestly and fairly, making sure that all activities align with the rules and regulations set forth by those companies. This is essential not only for compliance but also for maintaining the trust and integrity of the broker-client relationship.

Operating outside authorized appointments could lead to violations of insurance laws, potential liability issues, and a breakdown in the relationship with insurance carriers. Therefore, understanding and adhering to these limitations is crucial for brokers while placing business.

The other options involve aspects of the broker's role, but they either pertain to actions not solely the broker's responsibility or require further clarification that aligns with operational boundaries set by their appointments. For example, premium pricing decisions often lie with the insurer, while obtaining signatures and negotiating commissions may not encapsulate the entirety of a broker's duties. The core responsibility of acting within authorized appointments ensures that brokers maintain proper legal and ethical standards in their practice.