The One Who Assumes a Risk in Return for Payment

question 54

Multiple Choice

The one who assumes a risk in return for payment of a premium is the

• A) insured.
• B) insurer.
• C) company.
• D) homeowner.

---

Definitions:

Personalized Service

Tailored customer service that caters to the individual needs and preferences of each customer.

Record Information

Pertains to the process of collecting, storing, and retrieving data related to a particular subject or activity.

People

Refers to the human users or participants in a system, organization, or a specific context, often considered in the design and development of products or services.

Contacts Arranged

The process of organizing personal or business contacts in a specific order or system for easier access.