Role of insurance broker and agents. - SS2 Commerce Past Questions and Answers - page 1
Who represents multiple insurance companies and helps clients find suitable insurance policies?
Insurance agents
Insurance brokers
Both brokers and agents
Which professionals help clients understand the terms and conditions of insurance policies?
Insurance brokers
Insurance agents
Both brokers and agents
Who negotiates with insurance companies on behalf of clients to obtain favorable terms and coverage?
Insurance brokers
Insurance agents
Both brokers and agents
Who provides ongoing customer service and assistance throughout the policy term?
Insurance brokers
Insurance agents
Both brokers and agents
What is the primary role of insurance brokers?
The primary role of insurance brokers is to assist clients in finding suitable insurance policies from multiple insurance companies and provide expert advice.
Whom do insurance agents represent?
Insurance agents represent specific insurance companies and promote their products to clients.