Question
Which of the below cannot be an intermediary?
Solution
Explanation: The correct answer is A. Insurer.
- Intermediaries act as a bridge between the insurer and the insured. They include:
- Insurance Brokers: Independent agents who represent the insured.
- Insurance Agents: Represent a specific insurance company.
- Banks: Can act as intermediaries by selling insurance products.
- Insurers are the companies that provide insurance coverage.
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