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.
More Insurance Awareness Questions
- General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
- A retrocessionaire is:
- Which among the following is not a characteristic of ethical behaviour?
- The 'No Fault Liability' provision in the Motor Vehicles Act, 1988 is applicable to:
- Which of the following terms is NOT associated with insurance?
- What is the period between the date of subscription to an insurance-cum-pension policy and the time at which the first instalment of pension is received?
- A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
- Which among the following is not an element of active listening?
- The principle of construction ensures:
- IRDAI has introduced the concept of insurance repository in the year_____.
