Otl chapter 2 - Study guides, Class notes & Summaries

What two basic categories is the insurance business divided into? - Answer-Life and health insurance, and General insurance What type of licensed intermediary represents only one insurer? - Answer-Exclusive Agents What is the primary function of insurance? - Answer-A method of sharing the losses of a few people among the many Who does the adjuster represent when handling a claims situation? - Answer-Insurer Which term is used to refer to insurance that includes both property and casualty? ...