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2122 Under a real estate broker's policy specifically excluding coverage for liability arising out of activities performed "on behalf of Ventana Ranch," the carrier was obligated to defend the insured against a lawsuit for negligence in setting up a tax deferred exchange for buyers of properties sold by Ventana Ranch.CitationSMITH KANDAL v CONTINENTAL (On Behalf Exclusion) 67 CA4 406 [See: Horace Mann v Barbara B 4 C4 1076, T/AT 5/93; Montrose v Superior Court 6 C4 287, T/AT 1/94; Howell v State Farm 218 CA3 1446]
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