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    Question

    What does the term "insured" refer to in insurance?

    A The policy document holder Correct Answer Incorrect Answer
    B The person or entity buying the policy Correct Answer Incorrect Answer
    C The intermediary selling the policy Correct Answer Incorrect Answer
    D The reinsurer involved in the contract Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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