New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    An independent professional person registered under the

    Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
    A Agent Correct Answer Incorrect Answer
    B Insurer Correct Answer Incorrect Answer
    C Claimant Correct Answer Incorrect Answer
    D Broker Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.

    Practice Next