Examlex
Which of the following statements about formal and informal communication channels is most accurate?
Insurance Company Agent
An individual authorized to sell and manage insurance policies on behalf of an insurance company.
Broker
An individual or firm that acts as an intermediary between buyers and sellers, typically in financial transactions, real estate, or insurance.
Assumes a Risk
A legal doctrine where an individual knowingly exposes themselves to a hazard or danger and is considered to have consented to the risk involved.
Insurer
A company or entity that provides insurance policies to protect individuals or organizations against financial loss or damage.
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