Answer-What does the term 'insured' refer to in insurance?

Q: Answer-What does the term 'insured' refer to in insurance?

Explanation The correct answer is B. The person or entity buying the policy. The insured is the individual or entity that purchases the insurance policy.

⚡ Month End Offer - Flat 52% Off On All Courses! Enroll Now ⚡
00:00:00 AM Left

Home
Questions
Insurance and Financial Market Awareness
Insurance Awareness
What does the term "insured" refer to in insurance?

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 the above Correct Answer Incorrect Answer

Solution

Explanation: The correct answer is B. The person or entity buying the policy. The insured is the individual or entity that purchases the insurance policy.

Practice Next

More Insurance Awareness Questions

शुद्ध शब्द रूप है
निराकार शब्द का विलोम है –
' एक मुँह दो बात ' लोकोक्ति का सही अर्थ क्या है ?
आशा
" अकारण शब्द का विलोमार्थी शब्द है :
हिन्दी वर्णमाला में वर्णों की कुल संख्या है---
निम्न में से शब्द व उसके संधि - विच्छेद का सही मेल बताइए -
<...
Amount outstanding के लिए सही पारिभाषिक शब्द है ?
...
' जो तोला मापा जा सके के लिए निम्नलिखित में से कौनसा शब्...
'द्विज' का संबंध किस शब्द से नहीं है?

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question