Which term is generally used for an Insurance Broker?
A
Underwriter
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Agent
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Liaison Officer
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Actuary
No worries! We‘ve got your back. Try BYJU‘S free classes today!
E
Assessor
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is BAgent An insurance broker is also known as insurance agent. He sells, solicits, or negotiates insurance for compensation. Brokers and agents are the retail side of insurance.