Insurance Broker Exam Q&A 100% Pass | 2024 | Graded A+

Insurance Broker Exam Q&A 100% Pass | 2024 | Graded A+ Insurance is a contract by which one seeks to protect another from (BLANK)Loss Which factor is NOT considered by an underwriter when determining the premium rates for an individual seeking insurance?Race Agent/Producera legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant (proposed insured)a person applying for insurance Brokeran insurance producer not appointed by an insurer and is deemed to represent the client Insurance policya contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured to the beneficiaries for loss caused by specific events Insuredperson covered by the insurance policy; may or may not be the policy owner