Question
An independent professional person registered under the
Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?Solution
A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. A broker also refers to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
More Insurance Awareness Questions
(0.125)³÷ (0.25)² x (0.5)² = (0.5)?-3
(82 + 62 ) × 1.25 + 20% of 145 = ? – 40% of 65
{(481 + 426) 2 - 4 × 481 × 426} = ?
52% of 400 + √(?) = 60% of 600 - 25% of 400
Find the value of 16 x [(8 - 5) of 12 ÷ 4].
? = 6.25% of 240 + 25 2 + 17 2 – 16 × 17
What should come in place of the question mark (?) in the following question?
2 – [6 – {3 + (–4 + 5 + 1) × 8} + 12] = ?
25% of 240 + √? = (2/3) × 120
62 + 43 + 625(1/4) - ? = 102
`sqrt(5476)` + 40% of 1640 = ? `xx` 4 - 2020
