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What is the difference between insured and insurer?
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.
What are the differences between a Proposer and an Insurer?
A proposer puts something forth for consideration, discussion, or adoption.An insurer is a person or company that underwrites insurance risk. They are the party that pays the compensation in an insurance contract.
What is The different between insurer and insured?
The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.
What is the difference between insurance agents and brokers?
An insurance broker differs from an insurance agent in that a broker is considered an agent of the Insured even though he or she may receive a commission from the insurance company A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured
What happens when your car insurance is cancelled by the insurance company?
What happens is that you get a new insurance policy, possibly with another insurer. Any unearned premium will be returned to you by your insurer.
What is a word for the company or agency that writes an insurance policy?
insurer
Why would an insurance company pay the insurer and not the company that did the services?
i think its insurer who handle all the activity that's why but if you want best answer on this then visit ICICI Lombard site for more support on insurance question.
How good is AARP car insurance?
AARP is not a insurer. They refer seniors to a insurance company that pays them a fee.
Can you get auto insurance without an agent?
Yes, you should call a direct-insurer (which is the insurance company) and you can buy your insurance from them directly.
Is a mutual insurance company Not-for-profit?
A mutual insurance company is a corporation owned by its policyholders who may receive dividends if the insurer's operations are profitable.
Who sells gap insurance?
GAP insurance is designed to cover the difference between what you owe on a financed (or leased) vehicle and the actual cash value that is paid by an insurer if the car is a total loss. Generally, GAP coverage is available through the car dealer or the finance company that finances the car.yes
Distinguish between co-insurance and reinsurance?
Coinsurance in medical health (casualty) is sharing of costs between insurer and insured, and in property insurance it is were the risk( one risk) is shared between different insurance companies. Reinsurance is insurance for an insurance company, where by an insurance companies seeks for indemnification in case that a stated loss takes place.
