Producer answersu - Study guides, Class notes & Summaries

Agent - ANSWERSAgents are the agents of the insurer Producer - ANSWERSUsually includes agents and brokers Applicant or proposed insured - ANSWERSA person applying for insurance Consent - ANSWERSpermission to do something Insurable Interest - ANSWERSThe policy owner must face the possibility of losing money or something of value in the event of loss insurance policy - ANSWERSa contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured o...