unit 1 checkpoint exam - wrong answers
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agent
in insurance the insurer is the principal and the producer is the
a captive agent
a person who sells insurance for one company, and is an independent contractor, not an employee of an insurance company is called
insurance company
independent agents represent the
policy holders
mutual insurers are owned by
stock or stockholders
mutual insurers do not have
the larger the number of similar numbers, the less likely there will be a loss
according to the law of large numbers
principal
according to the laws of agency, the person on whose behalf the insurance agent is called upon to act is the
insurer
in an insurance contract the second party is the
the first party in an insurance contract is the
insured
