Ask a Question

In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office

in Finance by (257k points)

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

Please log in or register to answer this question.

1 Answer

0 votes
by (973k points)
selected by
 
Best answer

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.

Related questions

...