Who is called insured?
2) The insured is the person whose life is being covered against the risk under the policy. 3) The insurer is the insurance company that provides the insurance cover. 4) The proposer is the person who takes the cover and is also called the policyholder.
Who is insurer and who is insured?
Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage. It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.
Which of the following people does not have an insurable interest in an insured property?
A spouse, child, and employer would therefore have an insurable interest in an insured. However, a neighbor does not have an insurable interest in a person merely because they are neighbors.
Which of the following is not an example of an insurable interest?
Which of the following is NOT an example of insurable interest? Premium receipt.
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- what cannot be insured
- which risks cannot be insured