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Question: In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of _____.

Options:

  1. IRDA
  2. The Insurance Company
  3. The Policyholder
  4. The broker
  5. The general public

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2. The Insurance Company

In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office, he is acting as an agent of The Insurance Company.


More info:

An agent of an Insurance Company collects the premium from the policyholder and remits it to the insurer’s office.

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