Answered

IDNLearn.com: Your trusted source for finding accurate and reliable answers. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.

Question 7

Select the appropriate response:

A reciprocal insurer typically has an administrator who manages the premiums collected from the group's members. This administrator is called a(n)

A. reciprocal commissioner
B. attorney general
C. attorney-in-fact
D. reciprocal director

Submit Response

Sagot :

GinnyAnsweridn

Final answer:

In a reciprocal insurer, the administrator overseeing premium management is called an attorney-in-fact.


Explanation:

A reciprocal insurer typically has an administrator responsible for managing premiums collected from group members. This administrator is known as an attorney-in-fact. They handle financial matters and operations on behalf of the reciprocal insurer.


Learn more about insurance here:

https://brainly.com/question/33116677


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and see you next time for more reliable information.