New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    Which of the following is not a Insurance

    Intermediary? 
    A Ombudsman Correct Answer Incorrect Answer
    B Individual agents Correct Answer Incorrect Answer
    C Corporate agents Correct Answer Incorrect Answer
    D Brokers Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    An Insurance Intermediary means individual agents, corporate agents including banks and brokers –they intermediate between the customer and the insurance company. Insurance Intermediary also includes Surveyors and Third Party Administrators but these intermediaries are not involved in procurement of business.

    Practice Next