GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An individual who sells, services, or negotiates insurance policies either on behalf of a company or independently is called ____
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Agent
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Seller
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Aggregate
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Service Provider
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Explanation:
Detailed explanation-1: -Agent. Explanation: An agent is a person who represents an insurance firm and sells insurance policies on its behalf or independently.
Detailed explanation-2: -They cover expenses the policyholder incurs from damages to health or property (policies typically offered are medical expenses, or house, motor vehicle and fire insurance), and financial losses like a loss of income. A special case of non-life insurance is reinsurance.
Detailed explanation-3: -Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage. It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.
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