Licentiate Examination - IC 11 - Practice of General Insurance Exam - Important Points

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  • Insured is any person or organisation who buys an insurance policy by paying premium for insurance protection
  • Intermediaries : people or organisations who sell insurance for insurers - bringing together those who offer insurance protection and those who want to buy it as well as those who render related services.
  • Insurer : organisations that offer and provide the capital & products for insurance protection.

Practice of General Insurance