Multiple choice general knowledge

Insurance is a contract between

  1. Insured & State

  2. Agent & Insurer

  3. Insured & Insurer

  4. Insured & Agent

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Insurance is fundamentally a contract between the insured (policyholder) and the insurer (insurance company). The agent is an intermediary, not a party to the contract. The state regulates but is not party to individual insurance contracts.