Question

Fill in the blanks
The party which offers to bear the risk is called as--------
a)Insurer
b)Insured
c)policy
d)Premium​

Answer 1

Answer:

policy

Step-by-step explanation:

you drink what happened

Answer 2

The right option in context to the given question is an option a: Insurer.

• A legal type of contract is created between two bodies in an insurance transaction.
• The first is the person who may face any type of risk in the future and whose life is insured by risk insurance.
• The person or entity that offers insurance coverage is the second party or insurer party.
• The insurer is the person or corporation that agrees to offer coverage in the form of payments or benefits for losses that may occur in the future of an insured person.
• This risk coverage includes those stated in the contract and is effective as of the risk coverage start date.
• The insured must pay a premium or insurance for a specific length of time.
• This contract is based on the insurance policy chosen by the person seeking coverage.
• As a result, an insurer is a party who offers to bear the risk and gives coverage or benefit when the risk arises.
• Hence, option a is right.