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      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.

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