Question

What role does the insurer play in the insurance process?

a.

Collecting premiums from the insured

b.

Entering into insurance contracts with insured individuals

c.

Creating a peril

d.

Selling physical assets

Posted under IC38 Life Insurance Agent Exam

Answer: (b).Entering into insurance contracts with insured individuals Explanation:The insurer enters into insurance contracts with insured individuals to facilitate the pooling of funds.

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Q. What role does the insurer play in the insurance process?
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