Insurance Broker Certification Practice Exam 2025 – Your All-in-One Guide to Certification Success!

The statement that an insured person receives the benefits of the policy is accurate because the insured individual is the person whose life, health, or property is covered by the insurance contract. In the event of a loss or claim, it is this individual, or beneficiaries designated in the policy, who will benefit from the coverage provided.

This role is distinct from that of the policy owner, who may or may not be the insured person. While it is possible for these roles to overlap, they do not have to. Additionally, the insured person is not a representative of the insurance company; rather, they are the individual whose risks are being managed through the insurance coverage. Paying premiums may involve either the policy owner or the insured person, depending on the specific arrangements of the insurance policy, so the assertion that they are responsible for direct payments is not universally applicable.