unit 1 checkpoint exam - wrong answers

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