An Individual Who Purchases an Insurance Policy Is Called

question 25

Multiple Choice

An individual who purchases an insurance policy is called

• A) The insurance company.
• B) A policyholder.
• C) An insurer.
• D) A victim.
• E) An employer.

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Definitions:

Voluntary Alliance

A partnership formed by choice between organizations or individuals to achieve a common goal.

Fair Practices

Ethical business strategies and policies that seek to ensure fairness, equality, and transparency in dealings with stakeholders.

Environmental Scanning

The continuous process of gathering information about external influences and trends to identify opportunities and threats affecting an organization.

Environmental Forces

External factors such as social, political, ecological, and legal aspects that affect an organization's decisions and performance.