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What is the difference between an insurance company and a broker?
a broker sells the insurance, (is a sales person for many companies generally) and insurance company is the actual company that 'owns' the product, or company it's self........
What is insurance?
is a contract between you and an insurance company in which the latter promises to cover your loss
What is the difference between insurer and insurance company?
Nothing
8 Which is the document in Insurance which can be called the Documentary Evidence of Contract between the Insurance Company and the Insured?
That should be your declarations page. It is a binding contract between the insured (you) and the company.
What is the term for the written contract between an insured person and an insurance company?
Insurance policy
A written contract between an insured person and an insurance company?
It is called in insurance policy.
Difference between Reliance Life Insurance and LIC Which company is best In life insurance?
LIC
What is the relationship between the two insurance companies UNUM life insurance company of America and CIGNA insurance company?
According to my research they both sell Life Insurance. That is the only similarity that I could find.
Who are the buyers of reinsurance?
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
What is the difference between an insurance agent and insurance broker?
An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .
Just what exactly is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Is there a such life insurance company as federal life insurance company?
There is an insurance company called Federal Life Insurance Company.
