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Exam (elaborations)
Exam Fx Insurance Test 2023 with 100% correct questions and answers
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---7February 20232022/2023A+
- agent/producer 
a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer 
 
 
 
Applicant or proposed insured 
a person applying for insurance 
 
 
 
Broker 
an insurance producer not appointed by an insurer and is deemed to represent the client 
 
 
 
Insurance policy 
a contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for los...
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