Across
- 2. A person who sells insurance products on behalf of an insurer
- 5. An entity that provides oversight and regulation of the insurance industry
- 8. A company that provides financial protection against losses
- 11. Entity that brings together many small agents, then can write large bundle of policies with carrier.
- 13. A type of broker that specializes in niche markets
- 14. The party who purchases an insurance policy
Down
- 1. Brokers are __________ meaning they should be providing services in the client’s best interest
- 3. Insurance for insurers
- 4. When carriers are licensed and regulated by the state Department of Insurance
- 6. The market where insurers and reinsurers interact
- 7. A type of agency that serves as an intermediary between insurers and producers
- 9. The role responsible for assessing risks and setting premiums
- 10. Groups that allow members to pool their purchasing power for insurance
- 12. A type of agency that has underwriting authority