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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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