Question
An individual who sells, services, or negotiates
insurance policies either on behalf of a company or independently is called?Solution
An agent is any person who has been legally empowered to act on behalf of another person. Agents are employed to represent their client in negotiations or dealings with third parties.
The 'Insured's Declaration' form typically includes information about:
Which feature is not allowed in the Indian insurance market?
Which principle specifies an insured should not collect more than the actual cash value of a loss?
What is NOT an element of an insurance contract?
The part of the policy that is specific to each insured individual is:
What is the abbreviation of GAAR?
Name the first General Insurance Company in India?
Which of the following committees recommended the introduction of the Rural Postal Life Insurance?
Which of the following situation occurs when one party in a negotiation has relevant information the other party lacks.
A 'Cover Note' in motor insurance is:
