In this state, a broker-agent may transact what types of insurance?

The correct choice indicates that a broker-agent in this state is authorized to transact Fire, Casualty, and Automobile insurance. These categories encompass a broad range of insurance products that protect individuals and businesses from various forms of risk.

Fire insurance offers coverage for damage to property caused by fire, ensuring that property owners can recover their losses and rebuild after a disaster. Casualty insurance covers risks associated with personal injury and liability, thereby protecting policyholders from financial losses arising from lawsuits and claims made against them. Automobile insurance, which is a requirement in many states, provides essential coverage for vehicle owners against potential losses from accidents, theft, and damages.

Each of these types of insurance plays a crucial role in risk management for both individuals and businesses, giving them peace of mind and financial security. This understanding makes it clear why a broker-agent would need to be proficient in these areas to effectively serve their clients.