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GCE Commerce 1989 Question 20

Question 20

Insurance

The assured is the

  1. A.insurance company
  2. B.insurance company's client
  3. C.insurance broker
  4. D.insurance agent
  5. E.insurance manager
Show the answer and explanation

Answer: B (insurance company's client)

Explanation

The assured (insured) is the client who takes out the policy and pays the premium.