Examlex
Identify the correct statement regarding a mission.
Agency
A relationship where one party, the agent, is authorized to act for another, the principal, in legal or business matters.
Insured
A person or entity covered by an insurance policy, protecting against loss or damage from specific risks or incidents.
Insurance Agent
A professional who sells, solicits, or negotiates insurance policies on behalf of an insurance company or individual.
Loss Occurs
Refers to the moment when a financial loss happens due to an insured event.
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