Individuals who enter into,change,and cancel insurance policies on behalf of an insurance company that they represent are referred to as insurance
A)brokers.
B)agents.
C)facilitators.
D)underwriters.

Question

Quizplus · Accepted Answer

Insurance agents are licensed individuals who represent an insurance company and have the authority to enter into, change, or cancel policies on behalf of the company. Insurance brokers, on the other hand, represent the interests of the customer and work with multiple insurance companies to find the best policies for their clients. Facilitators and underwriters may have roles in the insurance industry, but they do not typically have the authority to enter into or change policies on behalf of an insurance company.

Individuals Who Enter Into,change,and Cancel Insurance Policies on Behalf of an Insurance