Q268
Who is the person that arranges for a customer to get the necessary insurance?
A.
An agent
AnswerB.
A retailer
C.
A broker
D.
An intermediary
Answer: Option A
Solution
Answer: Option A
Solution:
An agent is the person that arranges for a customer to get the necessary insurance. An agent is a person who represents an insurance firm and sells insurance policies on its behalf. Description: Generally, there are two types of such agents who reach the prospective parties that may be interested in buying insurance. These are independent agents and captive or exclusive agents.