Fill in the blanks with suitable words in the following incomplete sentences.
The person who has accepted to pay the loss is called _________ in insurance.

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Solution

A person who buys insurance is known as an insured or as the policyholder.
A person who undertakes to pay the compensation to the insured for the loss suffered is called "insurer".

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Fill in the blanks with suitable words in the following incomplete sentences.The person who has accepted to pay the loss is called _________ in insurance.

A person who buys insurance is known as an insured or as the policyholder. A person who undertakes to pay the compensation to the insured for the loss suffered is called "insurer".

Fill in the blanks with suitable words in the following incomplete sentences.
The person who has accepted to pay the loss is called _________ in insurance.

A person who buys insurance is known as an insured or as the policyholder.
A person who undertakes to pay the compensation to the insured for the loss suffered is called "insurer".