It might be better just to rewrite to law to put underwriters on the hook for agent defalcation and let them raise premiums to cover projected losses.  It might be viewed as taking a choice away from the consumer, but most consumers already overwhelmed by the process and apparently need the coverage.  This would also do away with the strange dynamic of offering someone insurance for their property along with insurance to protect the from the person selling them insurance.

I suppose the next step is to have a second underwriter co-insure the transaction in case the first underwriter cannot meet its financial obligations.
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