Question

What is the role of an insurance agent?

a.

To evaluate insurance claims

b.

To manage the finances of the insurance company

c.

To solicit, negotiate, or effect contracts of insurance on behalf of the insurer

d.

To provide legal advice to policyholders

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).To solicit, negotiate, or effect contracts of insurance on behalf of the insurer Explanation:An insurance agent is a representative licensed by the state who solicits, negotiates, or effects contracts of insurance, and provides service to the policyholder for the insurer.

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